City of Melbourne released their draft budget of $804M.
It looks like they've allocated $4m (0.49%) of the budget to bicycle infrastructure which is the expected amount projected from the previous budget. They'd spending it on "Continue the rollout of the cycle infrastructure program on Queensberry Street and Rathdowne Street, and progress design development and community engagement for Queens Bridge Street and Flinders street"
The budget doesn't seem to mention any additional grants from the congestion levy increase to be allocated to active transport (ie. https://greens.org.au/vic/news/media-release/greens-secure-15o-million-active-transport-over-next-decade) which I expected to see.
EDIT: Removed reference to the $7m which I saw in the budget which doesn't appear to be the new money, but is just the the regular parking levy grant before it was doubled this year.
GREENS SECURE $15O MILLION FOR ACTIVE TRANSPORT OVER THE NEXT DECADE | The Australian Greens
The Greens have secured $150 million over the next decade for active transport across 5 councils in Melbourne. The Cities of Melbourne, Yarra, Stonnington, Port Philip and Merri-Bek will all receive the funding.




