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==Economy== Beef and dairy [[cattle]] farming is the dominant industry, with a small [[abattoir]].<ref>[http://www.australiabigbook.com/1828/7 slaughterhouses listing], australiabigbook.com</ref> In 2016, Tallangatta was declared a "Notable Town", by Heritage Australia. The main street is long for a town of its size and is quite unique. The unique architecture is home to a thriving retail and hospitality sector that contributes to local employment and tourism. Services include a small hospital,<ref>[http://www.albury-wodonga.com/docs/o.htm Hospitals in the Albury-Wodonga region], albury-wodonga.com</ref> and two primary schools, a secondary school and an integrated childcare, library and community centre. A considerable number of residents now [[Commuting|commute]] to work in [[Albury–Wodonga]]. The decline of the water frontage of Lake Hume, due to sporadic drought conditions and the privatisation of Australia waterways, has had an impact on the town. Although through initiatives, such as the Tallangatta Tomorrow project funded by state government, the township is experiencing a new lease on life.<ref>[https://www.towong.vic.gov.au/1-council/council-plans-budgets-and-reports/community-plans/tallangatta-tomorrow towong.vic.gov.au]</ref> Several community-focused initiatives operate within the township including Tallangatta Food Swap,<ref name="Herald_2021">{{cite news |date=February 5, 2021 |title=Mindful Shopping |url=https://www.tallangatta-sc.vic.edu.au/wp-content/uploads/simple-file-list/Herald/1044.pdf |work=Tallangatta Herald |location=Tallangatta, Australia |access-date=June 26, 2024}}</ref> Boomerang Bags Tallangatta,<ref name="Herald_2020_bags">{{cite news |date=October 22, 2020 |title=Tallangatta Health Service News |url=https://www.tallangatta-sc.vic.edu.au/wp-content/uploads/simple-file-list/Herald/1039.pdf |work=Tallangatta Herald |location=Tallangatta, Australia |access-date=June 26, 2024}}</ref> the Tallangatta Community Theatre Group,<ref name="n077">{{cite news | last=Ebsary | first=Ellen | title=Being a teen in the digital age: 'The Identity Project' showing soon | website=The Border Mail | date=2019-09-28 | url=https://www.bordermail.com.au/story/6411178/being-a-teen-in-the-digital-age-the-identity-project-showing-soon/ | access-date=2024-06-26}}</ref> the Uniting Church Op Shop,<ref name="Herald_2020">{{cite news |date=August 6, 2020 |title=Op Shop open again |url=https://www.tallangatta-sc.vic.edu.au/wp-content/uploads/simple-file-list/Herald/1037.pdf |work=Tallangatta Herald |location=Tallangatta, Australia |access-date=June 26, 2024}}</ref> and Plasticwise Tallangatta.{{Citation needed|date=February 2019}} The town has a high proportion of retirees, with some elderly people cared for at Bolga Court Hostel.<ref>[http://www.tallangattahealthservice.com.au/residential_aged_care/bolga_court.html], Shire of Towong</ref> This heritage is celebrated in the popular annual Tallangatta Fifties Festival;<ref>{{cite web |url=http://www.tallangattafifties.com.au/ |title=Tallangatta Fifties Festival}}</ref> however, as of June 2018, has ended due to financial concerns and feedback.<ref>{{Cite web|last=Bunn|first=Anthony|date=19 June 2018|title=Not so nifty, Tallangatta no longer home to Fifties Festival|url=https://www.bordermail.com.au/story/5475129/not-so-nifty-tallangatta-no-longer-home-to-fifties-festival/|access-date=25 August 2020|website=The Border Mail|language=en}}</ref>
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