The Victorian rock and roll community is reeling in the wake of yesterday's state budget, which saw funding for the contemporary music sector slashed by 56% and the popular FReeZACentral program abandoned.

Despite trumpeting half-a-million dollars in new funding over two years to peak body Music Victoria in its official press release, detail buried in the budget reveals struggling rockers will have to make do with an annual shortfall of $775,000 compared to the $7.1 million spent by the previous government under funding arm Victoria Rocks.