Council's stimulus set to give short-term solution
FOR every $1 injected into the economy, it's estimated $1.80 is spent.
With this in mind, Rockhampton financial advisor David French said Rockhampton Regional Council's stimulus package would have a "nice multiplier effect" on the community.
The package, announced yesterday, will see $500,000 for a private enterprise footpath program and $18 million worth of capital works bought to tender in the coming months.
Mr French said creating jobs in the region meant more money would be spent at local businesses.
While the money won't be spent before Christmas, Mr French said some would be encouraged to spend a little more knowing the new year would see more work.
"An injection of the dollar doesn't stop at the dollar, it flows around the community," he said.
But Mr French said council also needed to plan for the future.
"I see (the measures) as positive, but I don't see them as long term strategic initiatives," Mr French said.
"What we need is a focus on what we want our community to look like in the future and start investing in these things.
"If we can have a forward-looking council … then I think we'll look forward to a community that's vibrant and robust."