Brisbane home owners face rate hike as council tightens its budget (opens original article in a new tab)

Brisbane home owners will face a 3.97% rate hike as the city council tightens its budget amid funding shortages and rising costs. The council also revealed $1.35 billion in needed Story Bridge repairs ahead of the 2032 Olympics, seeking federal and state funding support.

• Brisbane home owners will face a 3.97% rate hike this financial year
• Council blames inflation, federal government funding shortages, and natural disaster costs for budget challenges
• Story Bridge repairs require $1.35 billion, with council seeking 80% federal and 10% state funding