Lithgow City Council is seeking the community's views on a draft Future Lithgow Fund Policy. The Policy seeks to ensure that some of the benefits from existing and proposed major project developments undertaken locally are also available for future generations of Lithgow residents by facilitating the growth of a strong regional economy and contributing to education and training initiatives.
The Lithgow Local Government Area has a long and proud history of coal mining and coal-fired power generation providing reliable and affordable energy to the people of NSW and Australia. Thermal coal mining and associated power generation make up approximately 43% of the LGA's economy by value-added production. As changes to the energy market to more affordable and sustainable energy production continues to develop, the Lithgow LGA will undergo a very significant industry transformation.
The purpose of the policy is to establish a mechanism by which major project developers can contribute to a Fund that will provide a permanent benefit to our community.
"In addition to ensuring that major project developments proposed for the Local Government Area contribute to a strong future for all Lithgow residents, the Future Lithgow Fund will better financially equip Council to provide essential and other services affordably to our communities" Lithgow Mayor Cr Cassandra Coleman said. "We also expect to see future benefits flowing from the Future Lithgow Fund including contributions to the construction and maintenance of public infrastructure and amenity, the provision of education and training within the LGA, and industry investment attraction."
To have your say on the draft Future Lithgow Fund Policy, visit:
https://council.lithgow.com/draft-future-lithgow-fund-policy/
