Rates rise by 1.79%...for some
RESIDENTS on Ipswich's eastern and northern borders will be breathing a sigh of relief after Brisbane City Council announced average rates increase of just 1.79 per cent next financial year.
The council's Budget announcement will affect people in suburbs such as Karana Downs, Moggill and Wacol.
Brisbane Lord Mayor Graham Quirk said the council would double it's buyback scheme for flood affected homes and put aside a further $116 million for the recovery process.
Lord Mayor Graham Quirk said Brisbane residents would have an average rates increase of 1.79% next financial year and net debt would increase from $920 per ratepayer in 2010-11 to $1305.
There was relief for flood-affected property owners with some ratepayers receiving a rates reduction of up to $250.
Yesterday, the Queensland Times revealed Ipswich City Council was facing one of its toughest tasks to keep a rates rise to a minimum.
Mayor Paul Pisasale admitted he and his council would be working hard to achieve that before the budget announcement on June 27.
He said the budget bottom line was that the latest estimate for flood damage to the city's infrastructure was $170 million.