Thursday, January 23, 2003

Levy on developers to pay for new roads
"Sydney developers will be forced to pay a $15,000 levy on newly released blocks of land, under a new government plan to ensure the private sector helps fund new roads and public transport."

Development levies are not without merit but it would be better if State and Local government shouldered their responsibilities for transport and other essential infrastructure development and funded them via the existing mechanisms of land tax and site value rating.

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