Lord Mayor releases Brisbane City Council budget for this year
Brisbane has been hit hard by the global financial crisis with Council experiencing sharp falls in revenue from development activity. However due to responsible financial management, and a determination to seek better outcomes for ratepayers, Council has found considerable savings in major infrastructure projects to ease the impacts on Brisbane families.
Unlike other levels of government, Brisbane City Council is in a strong financial position to continue its record investment in transport infrastructure and its unprecedented focus on the environment. In this financial year, Council will begin work on the Northern Link tunnel under Paddington and open the Go Between Bridge at Milton. Once again Council has massive funding for major road projects and local road improvements to ease traffic congestion.
My ‘Can Do’ Team is truly dedicated to a better Brisbane and protecting our unique way of life. That’s why this Budget focuses on delivering for our suburbs and investing in the future of our city.
Budget Overview:
Keeping Brisbane Moving
- $204.5m on public transport including 125 new buses & 2 new CityCat ferries
- $981.5m on road upgrades and congestion hot spots
- $26.6m for new and upgraded footpaths
- Linking existing bike-ways
A Cleaner Greener City
- New options for recycling – green waste bins for grass clippings & second recycling bin
- Council will buy all of its electricity from renewable sources in 2010-2011
- $6.05m for citywide litter prevention
- $125m to improve & maintain parks
Supporting Our Community
- More than $3.3m for community festivals
- $52.36m for local libraries
- $69.8m to save iconic City Hall
Strong Financial Management
- Infrastructure investment of $1.016b
- Average rates increase of just $14.18 per quarter per household
- Pensioner remission increase to $785 for full pensioners and $365 for part pensioners
- $67.75m in efficiency savings
For more details on this year’s Council Budget, click here to download the Budget Speech.
To view more budget news, click here.
