Banana Shire announces rates rise

Banana Shire Mayor Nev Ferrier

Most Banana residents will see an increase in rates of between three and four per cent, following the council’s delivery of its 2022-2023 Budget.

Key highlights of the 2023 budget include the construction of a new Library and Museum facility in Moura and a major investment in upgrading roads, water infrastructure and waste management facilities.

The operating budget for the year is $99 million with a capital budget of $37 million, with almost half funded through grants and subsidies.

Banana Shire Mayor Nev Ferrier said the council had continued its financial sustainability improvement strategy by adopting an operating surplus of $623,000 for the year ending 30 June 2023 and a net result after capital items of about $17,534,504.

Rates and charges for the year are expected to increase by 1.84 per cent across all categories with most ratepayers experiencing an increase of between three per cent and four per cent.

Cr Ferrier said the council had actively pursued external funding opportunities to reduce pressure on rates to fund the Shire’s operations.

Council expects to deliver its first operating surplus in five years this year of $4,899,258 for the year ended 30 June 2022.

“This result was achieved by targeted rate increases, actively pursuing funded works, prepayment of grants for flood damage and constraining unnecessary expenditure,” Cr Ferrier said.

Council’s net result, including capital items is expected to be a $10,118,036 surplus.

The budget provides for a large capital works program for 2023 with a total spend of $37,000,000, about half of which will be funded by external sources.

Key projects include:

– Moura Library/Museum $5,300,000

– Injune Road road widening and seal $2,528,800

– Banana Shire waste management facility $2,186,430

– Three Chain Road pavement widening, reconstruction and bitumen seal $1,400,000

– Moura WTP Clarifier $1,000,000

– Theodore heavy vehicle bypass $852,000

– Theodore road widening, reconstruction & bitumen seal $800,000

– Deanne Road formation, draining and pavement $800,000

– Defence Road gravel resheeting $ 656,000

Council also expects to complete $20 million worth of flood repair work within this budget thanks to funding from the Queensland Reconstruction Authority.