The City of Melbourne's annual budget was
released this week and QVM gets a big chunk of the expenditure.
The Council will raise $430 million in revenue
with a surplus over $15 million, and is budgeting $8.45 million towards the
Queen Victoria Market. Market renewal is the single biggest project in the
city's history and council has set aside a special renewal reserve so that any
funds from QVM will go into that reserve for the exclusive use of renewal. The
income from QVM in the budget year is expected to be around $4 million.