A TEN year plan for council spending has been released for consultation.
Frankston Council is asking for feedback on its draft 2021-2031 financial plan. The document outlines the ways that over half a billion dollars in ratepayer funding might be spent in the next decade.
The redevelopment of the Frankston Basketball and Regional Gymnastics stadium, and the redevelopment of Pines Pool have been identified as important future projects.
Frankston mayor Kris Bolam has asked residents to read the plan and make a submission.
“Council’s focus is on delivering services, maintaining assets and investing in new infrastructure that will support our growing population while cementing Frankston City as the Lifestyle Capital of Victoria and moving towards achieving our 2040 Vision as being the place on the Bay to learn, live, work and play in a vibrant and socially supportive community,” he said.
“Council is committed to delivering the best for our community, with an exciting $575 million capital works program planned over the ten years. This is complemented by a significant $293 million investment into maintain and expand existing infrastructure and to safeguard its future use.
“Council will continue to passionately advocate to Victorian and federal governments alongside our community for funding towards projects that continue this transformation into the perfect place to live, learn, work, invest and enjoy.”
Frankston Council CEO Phil Cantillon said “this draft financial plan represents our best option for how we navigate the balance between meeting our city’s needs and maintaining a strong financial position. If we spend more, we won’t be able to deliver on our ambitions and will leave ourselves less financial room in the event of another unplanned event such as the pandemic. If we spend less, the condition of our infrastructure assets and the quality of the services we deliver will be at risk. We also need to play our role in stimulating the economic and social recovery after the pandemic.”
Submissions are open until 5pm, 28 September. Read the plan at engage.frankston.vic.gov.au/financial-plan
