Two-minute guide to Brisbane City Council budget

Brisbane City Council has released its 2020-21 budget. Here’s what you need to know about rates and major projects across the city.

LORD Mayor Adrian Schrinner has released the 2020-21 Brisbane City Council budget under the challenging conditions of the coronavirus crisis.

Council have scrimped enough savings to deliver a “modest” $195 million surplus, but its feted Brisbane Metro project has been hit by a $300 million cost blowout.

Coronavirus lands $180m blow on Brisbane City Council budget

Brisbane Metro cost skyrockets to $1.24b

Brisbane City Council to pause kerbside pick-up for two years

Here are the key facts you need to know.

Brisbane City Council Budget

Revenue Falls

2019/20 - $40m

2020/21 - $142.5m

Rates

Frozen until Jan 2021 then 2.5 per cent increase

COVID rates deferrals

6000 ratepayers at a cost of $38.7 million

Savings

-Two year pay freeze for all councillors, wages and staff

-Annual kerbside collection suspended for two years

Surplus

2019/20 - $75 million

2020/21 - $195 million

Major Projects 2020/21

Brisbane Metro $76.6m - 2600 jobs

Fast track Green Bridges $23.5m - 500 jobs

-Kangaroo Point

-Breakfast Creek

Brisbane Metro

-$300 million cost blowout to $1.24 billion

Blamed on:

-Extra cost of electric buses

-Adelaide St station construction changes

-50 per cent increase in labour costs