Lake Macquarie City Council has
voted to cut $528, 000 in funding to town centres.

The cut is a result of the
councils decision to establish an external seven-member board for economic
development, to attract more business to the city and help existing businesses.

Councillor Barry Johnston says
the board must look at the strategic needs of the whole city.

Mayor Jodie Harrison and council
general manager Brian Bell have been confirmed as board members, expressions of
interest will be called for the remaining five members.