Brisbane Lord Mayor Campbell Newman has delivered a $3.4 billion council budget, with the city's residents facing an average rate rise of about 6 per cent, the ABC reports. The budget contains record spending on capital works and measures to fight traffic congestion.
There is $230 million for transport including 125 new buses, two new City Cats and a rapid transit bus service linking Newstead and West End. Councillor Newman says the council will borrow $900 million, some of which will be banked for future projects. He says the borrowing is responsible.
"More than $190 million will be spent on environmental measures, including planting trees and buying land to save it from development," he said. Cr Newman described the rate increase as fair but concedes some people will find it tough to adsorb the extra cost.
A total of $164 million will be spent on upgrades to 11 of the city's main roads.
Cr Newman says the spending will create more than 14,000 new jobs.
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