Budget special feature by Amanda Wright
In a decisive move towards securing the future of the Mackay region, the Mackay Regional Council has revealed its ambitious $420 million budget for the fiscal year 2023-2024. With an unwavering focus on long-term financial sustainability and fostering economic prosperity, this budget sets the stage for transformative initiatives that will enhance the region's liveability and drive its growth.
Mayor Greg Williamson proudly declared that the budget aligns with the council's Corporate Plan objectives, ensuring that rate rises are kept at or below the Consumer Price Index (CPI). Despite rising costs, the 3.8 per cent rate increase remains significantly below the CPI's 7.4 per cent, demonstrating a prudent approach to financial management.
The budget allocates substantial funding to the capital delivery program, underscoring the council's commitment to enhancing infrastructure and amenities. The $128 million investment will primarily focus on vital areas such as roads, drainage, and the improvement of regional water quality.
A focus on growth has led to funding for projects that will shape the region's future and elevate its appeal to both residents and tourists alike. The continuation of the Mackay Waterfront redevelopment, with an $8.1 million allocation, promises enhanced river access, improved pedestrian connectivity, and an expanded River Wharves precinct. Additionally, the Northern Beaches Community Hub, Pioneer Valley Mountain Bike Trails, Mackay Stadium refurbishment, Seaforth Esplanade redevelopment, and Woodlands District Park construction are set to redefine the region's recreational and social landscape.
With rates concessions for pensioners and not-for-profit organisations, as well as a range of incentives and discounts, the council aims to support the community while ensuring long-term financial stability. The 10 per cent early payment discount will remain in place, an incentive which has been reduced or removed by many other councils across the country. Mackay Regional Council has one of the lowest rates arrears figures in Queensland which could be partly attributed to this payment incentive remaining.
The message from this budget was clear. By investing in crucial infrastructure, supporting local events, and fostering community development, this council intends to pave the way for a prosperous and sustainable Mackay.
Mayor Greg Williamson addresses councillors at the 2023-2024 budget meeting. Photo credit: Amanda Wright
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