The Redland City Council has recently approved a budget of $430 million for the upcoming fiscal year, aiming to address the challenges posed by the current economic climate while securing a prosperous financial future for Redlands Coast.
Mayor Karen Williams emphasised that the budget was developed to maintain the enviable lifestyle enjoyed by the residents of Redlands Coast. Recognising the harsh economic conditions and the increasing cost-of-living pressures, the Council made responsible financial decisions, mindful of the fact that it is the community’s money that fuels the city.
Despite the unprecedented economic uncertainties of the past three years, the Council remains in a solid financial position. The budget shows a small operating deficit of approximately $2.1 million through prudent financial management. This deficit allows the Council to address the day-to-day pressures faced by the community, demonstrating their commitment to supporting the residents.
To provide immediate assistance, the Council will establish a $500,000 Civic Support Fund, working through appropriate community organisations. Additionally, a subsidy will be applied to the wastewater charge in rates notices, providing relief totalling over $1.5 million for those who pay wastewater charges.
The capital expenditure program for the 2023-2024 budget exceeds $135.7 million, with more than half of the allocated funds dedicated to roads and infrastructure. Notable projects include the continuation of the Wellington Street/Panorama Drive road duplication project at Thornlands, an upgrade to Double Jump Road in Victoria Point, funding for the next stage of the Birkdale Community Precinct, and the ongoing redevelopment of the Weinam Creek hub in Redland Bay.
Furthermore, the budget allocates an additional $1.67 million to the Footpath Gap Program, which aims to enhance active connections throughout the city by filling in missing footpath links. This program improves interconnectedness and encourages residents to enjoy and utilise the pathways, promoting better health and well-being.
Significant funding has also been allocated to the Southern Moreton Bay Islands and North Stradbroke Island. These investments enhance the livability and visitor experience while generating employment opportunities and driving economic growth for the city.
To ensure a high standard of service delivery, the budget designates $23.65 million for essential water, waste, and wastewater projects. Additionally, $365,000 has been allocated to expand the successful trial of smart solar compacting rubbish bins citywide, with a further $85,000 budgeted for solar lighting upgrades.
Other capital works projects, marine and foreshore enhancements, community and cultural development, and a new sports building at Charlie Buckler Sportsfields in Redland Bay are also included in the budget, emphasising the Council’s commitment to various areas of development.
Recognising the importance of digital technology, the Council has invested $4.8 million to advance the Digital Transformation Catalyst project, ensuring robust and secure digital systems. This investment aims to increase operational efficiency and enhance the customer experience when interacting with the Council.
Despite the challenging financial climate, the Council has strived to limit the impact on ratepayers by driving operational efficiency and absorbing cost pressures internally. The increase in the minimum general rate for residential owner-occupiers is set at $1.02 per week or 4.65 per cent. Furthermore, the budget includes approximately $3.6 million in pensioner remissions and rebates.
Mayor Karen Williams assured residents that the Council is dedicated to navigating the unpredictable challenges of the coming year with financial stability, thanks to responsible fiscal management. The 2023-2024 budget strikes a balance between proactive and reactive measures to address the financial climate effectively, ensuring a sustainable and prosperous future for Redlands Coast.
