Brisbane residents have been treated to a rates freeze for the first time in 35 years as council reveals its "toughest ever budget" has taken a hit of more than $140 million after the COVID-19 shutdown.Rates to rise 2.5 per cent after the six-month freezeHanding down the details today, Lord Mayor Adrian Schrinner said it was the hardest budget council had ever put together — tougher than both the global financial crisis and the 2011 floods aftermath.
In total, the budget suffered a $142.5 million loss in revenue as a result of the pandemic, which was made up of waived parking fees, rates rebates and lost income from developer payments. Despite the economic downturn, the Lord Mayor said the city maintained a "slimmer" budget surplus of just under $200 million over the next financial year.Cr Schrinner says he will seek financial help from the Federal Government to pay down council debt.This money will go towards projects already announced, including new city cats, the Victoria Park Vision and the Brisbane Metro, the cost of which has blown out to $1.2 billion.
Oh yeah, hello public austerity. Hello police out dealing with social issues. Hello the fraying of the fabric of society.
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