Legacy Fund aims for million-dollar injection to support the future of Singleton 

Legacy Fund aims for million-dollar injection to support the future of Singleton 

Singleton is already saving for the challenges of the future with a target set for the newly-established Legacy Fund to grow to $40 million in just its first four years.

The Fund was formally created at this week’s Singleton Council meeting, building on economic opportunities to help support the future prosperity of the LGA.

Mayor of Singleton, Sue Moore said the aim was to create a reserve to help ensure Council’s long-term financial viability, as well as underwrite opportunities to drive the prosperity of the LGA for generations to come.

The Singleton Legacy Fund incorporates:

  • Community Economic Development Fund
  • Roads Fund
  • Infrastructure Management Fund
  • Commercial Property Fund

“There are a lot of conversations happening now about what the structure of our economy will look like in the years to come, and whatever your view, it’s fair to say that like every other LGA across Australia, it’s going to be different,” Sue said.

“We are fortunate to be in a position now where we have benefited from mining, and Council is also making a more concerted efforted to develop our commercial property portfolio to help reduce our reliance on rate income.

“The Singleton Legacy Fund draws those funds together under a formalised structure to make sure we’re making good decisions to benefit the people who will come after us, the challenges they will face and the opportunities that present themselves.

“Because of the work Council has already done over the past several years, there’s already more than $34 million in the Fund and we’re confident that could grow to $40 million by 2025.”

The Fund will be administered by the Mayor, Deputy Mayor and Council’s Executive Leadership Team, and reported via the elected Council to the community on an annual basis.

Singleton Council General Manager, Jason Linnane said each of the four components will have specific management plans and requirements that direct how the funds can be used.

“This approach will not reduce current service levels or annual budget allocations. Council’s long-term financial plan will be developed to support the intent of the Legacy Fund as well as the continued operations of the organisation,” he said.

“We have seen decisions that have resulted in significant opportunities for our LGA, and while it would be just as easy to spend the money now, we want to make sure we’re thinking strategically and being disciplined about the best outcomes for our community now and in the years to come.

“This Fund acknowledges we’re just at the start, and sets up a legacy for the people who will be elected to Council, who will work at Council and who will live in our community well into the future. It’s about inter-generational equity and playing the long game,” he concluded.

IMAGE | Mayor of Singleton, Sue Moore and General Manager, Jason Linnane (left-right).


Singleton Council

Founded on agriculture, driven by coal and sustained by the Hunter River, Singleton holds an important place in NSW. From its unique beginnings as a significant Aboriginal then European settlement, Singleton has developed into the economic beating heart of the state and a centre of industry, heritage and community.

Flanked by farm land, wineries and framed by the Wollemi and Yengo National parks, the Singleton local government area embodies a warm welcome that is only found in regional Australia.

Trending Articles

Advertise with us

Affordable and engaging advertising to a business community

Submit an article

Tell your story to the Hunter business community

Does your business need a little help with its marketing?

Marketing strategies

This website uses cookies
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.