Concern over Arts Centre finances is premature, Premier says

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Concern over Arts Centre finances is premature, Premier says
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Premier Daniel Andrews has dismissed concerns over the financial state of the Victorian Arts Centre, saying it is too early to speculate on whether the state government will continue to offer additional support.

Premier Daniel Andrews has dismissed concerns over the financial state of the Victorian Arts Centre, saying it is too early to speculate on whether the state government will continue to offer additional support, as the centre attempts to recover from pandemic shutdowns.on Tuesday, said an extra $223 million was needed, otherwise 30 per cent of staff – at least 70 people – could lose their jobs, and major assets such as the Australian Music Vault could be sold.

However, he warned the budget would be designed to deliver on priority areas of health and transport, while also delivering a surplus. “We had to go and borrow money to get our state through a one-in-100-year event. And now that money needs to be paid back. But more importantly, we need to stop the borrowing. So, the way to do that is to run a surplus, to have more money that’s sourced from Victoria, that is spent by Victoria,” Andrews said. “So, this is going to be a challenging budget.

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