BREAKING The average Brisbane rates bill will increase by almost 5 per cent, as the city grapples with the financial hits of flooding, international conflict and the pandemic.
The average Brisbane rates bill will increase by almost 5 per cent, the biggest hike in 12 years, as the city grapples with the financial hits of flooding, international conflict and the pandemic.
The single biggest line item in the budget is the Brisbane Metro project, with $287.49 million to be spent in the 2022-23 financial year.Lord Mayor Adrian Schrinner handed down his Brisbane City Council 2022-23 budget on Wednesday, defending the 4.93 per cent average residential increase in the process.
Brisbane’s minimum residential rates bill will be $818.84, while net debt per capita was $2377, which was expected to rise to $2769 within two years.There was a $1.35 billion infrastructure bill, 24 per cent of which would be funded through loans. That included $166.2 million for community clubs, jointly funded with the state and federal governments, and $59.6 million for bikeways, while Brisbane’s drainage budget would more than double to $131 million.
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