Jul 17, 2019

Gladstone budget features $75m capital works outlay

Gladstone budget features $75m capital works outlay

Gladstone Regional Council this morning handed down its 2019/20 Budget, with a capital expenditure program of $74.89 million.

Mayor Matt Burnett said the budget supported council’s vision for the region’s growth, sustainability, prosperity and liveability.

Among its aims is to foster business and industrial development to promote growth and create employment opportunities within the region.

“Our economic objectives are to facilitate sustainable, financially and environmentally responsible initiatives to advance economic development in the Gladstone Region, for the benefit of the community,” Cr Burnett said.

“To align with this objective, council is investing $18.1 million in the community development and arts and culture spaces, and a further $14.7 million in parks and environment.”

Major capital project allocations in 2019/20 include $20.4 million on upgrades to waste water (sewerage) infrastructure, $14.982 million on capital roads projects (with $2.9 million funded by State and Federal grants and subsidies), $8.26 million on upgrades to water supply infrastructure, $1.879 million on footpath and cycle upgrades, $1.574 million on bridge upgrades, renewals and replacements, $732,000 in parks projects and $685,000 on cemetery expansion and upgrades.

The 2019/20 Budget will have an operating surplus of $1.8 million and Cr Burnett said general rates would rise by 1.94 per cent, or a total average of 2.39 per cent overall.

For more details visit www.gladstone.qld.gov.au/budget

Recent Stories

Subscribe to IQ e-News Bulletins
Menu