Fair, timely and untied funding from the State and Commonwealth Governments has never been more critical to allow local government to deliver the services and facilities that growing communities demand and deserve, Toowoomba Region Mayor Cr Geoff McDonald said at today's (Tuesday, October 15, 2024) adoption of Toowoomba Regional Council's 2023/24 Annual Report.
Mayor McDonald said local authorities across Australia were under immense pressure balancing growth with liveability, while managing ageing infrastructure across road, wastewater and water networks.
"Toowoomba Regional Council's management of an asset base valued at almost $7 billion, highlights the extent of the financial challenge confronting our Council," Mayor McDonald said.
"Against this backdrop, the Queensland Treasury Corporation in April 2024 completed its credit Review of Council.
"It was pleasing to note that despite escalating costs and a large capital program, Council's credit rating was affirmed as Sound with a Neutral outlook.
