Toowoomba Regional Council 2015-16 Budget Handed Down

2015-16 Budget highlights

• A $495 million budget.
• A 2.78% net increase to rates and charges.
• A capital program of nearly $213 million.
• Operational expenditure of $282 million.
• No increase in borrowings.
• The Queensland Treasury Corporation has revised upwards Council’s rating to sound with a neutral outlook to reflect its better financial position.

Five key spending areas for TRC

• $60 million of capital funding for local roads.
• $54 million to fund water and waste water capital works projects.
• $18 million allocated to maintain and enhance our parks and open space.
• $14 million is being spent to complete Stage 1 of the Sports Precinct in Highfields.
• $22 million to complete state of the art Greater Toowoomba Waste Management Facility in O’Mara’s Road Charlton

 [cleveryoutube video=”6v_UoSaJbzk” vidstyle=”9″ pic=”” afterpic=”” width=”” quality=”inherit” starttime=”” endtime=”” caption=”” showexpander=”off” alignment=”left” newser=”” margin=”true”]

 

 

 

 

 

 

 

 

 

 

Historical general rate decisions

Year                       Decision

2015-16                                3.0 %

2014-15                                4.06 %

2013-14                                4.5 %

2012-13                                4.95 %

2011-12                                4.38 %

2010-11                                8.45 %

Capital spending across the region

District                                                 Total spend                        % of total spend

Clifton                                   $2,019,393                                             1%

Crows Nest                         $22,777,678                                        13%

Goombungee                    $17,109,884                                          8%

Greenmount                     $7,862,928                                             4%

Millmerran                          $4,849,577                                             2%

Oakey                                   $35,405,599                                        17%

Pittsworth                           $11,102,520                                          5%

Toowoomba                      $79,619,791                                        37%

Total                                      $212,801,686