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NSW racetrack stimulus funds spent poorly, with only six of 14 projects completed after delays.
Nearly four years after receiving $58 million in COVID-era stimulus funds for regional racetrack upgrades, the NSW auditor-general reported that only six of 14 planned projects have been completed, with four yet to begin and average delays exceeding three years.
The program, administered by Racing NSW, lacked clear oversight and proper documentation, despite claims by the organization that delays were due to slow development approvals and the use of third-party managers.
Concerns about financial transparency persist as Racing NSW is not subject to government audits, leading the Minns government to initiate a review of racing legislation.
Los fondos de estímulo de las pistas de carreras de Nueva Gales del Sur se gastaron mal, con solo seis de 14 proyectos completados después de retrasos.