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ACT Budget Boost For Canberra Racing Club
The Canberra Racing Club announced its delight with the ACT Government's 2010-11 Budget (which encompasses a new model for distribution of revenue to the ACT Racing Industry) & declared: "The combination of budget funding & race fields legislation revenue will lead to a renaissance of the racing industry in the ACT. It will lead to an increase in the number of race meetings conducted & increased prize-money. Next financial year the Canberra Racing Club will be able to fund 26 race meetings basically once a fortnight & set up the Club for the possible introduction of a national funding model in the years ahead. For the first time the club is likely to conduct all of its 26 TAB race meetings as full TAB race meetings, as distinct from the mix of TAB & Non-TAB race meetings that have been conducted in past years."