Toowoomba Regional Council today adopted its 2018-18 Operational Plan, Budget and Revenue Statement.
Toowoomba Region Mayor Paul Antonio said Council’s $491 million financial plan would maintain and upgrade existing services and facilities while planning for an even brighter future for current and successive generations.
“Council remains committed to implementing a responsible and calculated financial approach in its Budget planning and delivery,” Mayor Antonio said.
“I thank my colleagues and Council staff for their deliberations over many months to develop a manageable capital program valued at $175.13 million along with an operating Budget component of $316 million.
“We have a responsibility to plan for maintenance and upgrades to our existing infrastructure to guarantee the long-term viability of essential services to residents. We are mindful that every new asset comes with its own ongoing maintenance costs.”
For full details of the 2018-19 Budget, please visit www.tr.qld.gov.au/budget
Caption: Toowoomba Region Mayor Paul Antonio (left) with Finance and Business Strategy Committee chair Cr Mike Williams after today's meeting.
2018-19 Budget highlights
• A $491 million Budget
• A 3% increase to the General Rate (for the fourth year in a row)
• Operational (service delivery) expenditure of $316 million
• A capital (infrastructure) program of $175.13 million