$86 Million Boost and Tax Cuts to Secure Racing Industry
Victoria. Minister for Racing. Media Release
"The Brumby Government announced an $86 million infrastructure package and a 60 per cent drop in wagering taxes post 2012 to secure the long-term future of Victoria’s racing industry. Deputy Premier and Racing Minister Rob Hulls said the funding boost was the biggest State Government investment in rural and regional racing venues in Victoria’s history. Mr Hulls said the Brumby Government would provide $45 million to the three racing codes – Racing Victoria Limited, Greyhound Racing Victoria and Harness Racing Victoria – for the redevelopment of their venues. The three codes would also contribute $41 million to the infrastructure package.“This funding package represents a huge investment in rural and regional communities,” Mr Hulls said. "