The Greens say there are 'better ways' for the ACT government to spend $40 million in public funding. But the Canberra Racing Club says the injection is value for money.
The ACT government is in negotiations to re-sign a memorandum of understanding with the Canberra Racing Club and the Harness Racing Club worth about $40 million.
Ms Clay noted the funding allocated to Canberra's top sporting teams to "put the funding into context". "It would be great for us to say that this is the last MOU, and there should be a step-down in funding, in an eased transition to help the industry get used to not receiving public money," Ms Clay said.
But Canberra Racing Club acting chief executive Matthew Kolek said the ACT racing industry would not be viable without government funding, and hundreds of jobs would be lost. "The ACT government generates revenue from wagering turnover in the ACT through the point of consumption tax," he said. Mr Kolek said the Greens' stance was "disappointing" given the industry was working towards becoming more self-sufficient.
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