Brisbane City Council Budget 2018-19
The Brisbane City Council’s $3.1 billion Budget 2018-19 aims to tackle road congestion, improve city transport and create a liveable and sustainable city. Brisbane’s ratepayers have also received a 2.5 per cent increase or about $40 a year. The Council’s Budget committed to the delivery of outcomes based on achieving mobility, liveability and sustainability.
The Council highlighted the necessity for maintaining a balance between expenditure and support for infrastructure development. The budget focused on the completion of existing projects including the Inner City Bypass upgrades and Howard Smith Wharves. In addition, further funding commitments were provided to ongoing projects such as the Brisbane Metro, Kingsford Smith Drive, the Mt Coot-tha precinct plan and the Wynnum Road corridor upgrade.
The Budget continued funding for the $944 million Brisbane Metro with $708 million budgeted over the next four years. Additionally, $40 million was allocated in 2018-19 to start underground construction works and start purchasing metro vehicles.
The BCC have committed $545,000 in 2018-19 towards the $4 million community hub project at Witton Barracks, Indooroopilly. Further, almost $9 million was allocated over three years for the refurbishment the School of Arts Building on Ann Street in Brisbane City with $831,000 to be spent in 2018-19.
More than $1.7 million was proposed over the next four years with $651,000 in 2018-19 to bring a light show to be projected onto William Jolly Bridge as a regular nightly show. $11.1 million budgeted over the next three years for new sports and community parks. Of this, $2.2 million was allocated in 2018-19 for new parks at Windsor and Rocklea.
Other new initiatives include:
- $332,000 for a four-month cultural event across different venues called Brisbane Art Now.
- $133,000 to support historical groups in Brisbane.
- $550,000 for a Brisbane event history art trail.
- $166,000 to introduce the Lord Mayor’s children’s concerts at City Hall on school holidays.
Cyclists were also given a $40 million commitment towards projects including the Woolloongabba, Kangaroo Point and Indooroopilly bikeways, and the Botanic Gardens Riverwalk. The Budget allocated $90 million for the resurfacing of almost 600 suburban streets and $33.9 million was allocated for the purchasing of 60 buses.
Lastly, the 2018-19 Budget displayed a borrowing figure of $170 million for the next financial year the forward estimates indicated borrowing would jump to $250 million for 2018-19.
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