Townsville City Council Budget

Townsville City Council’s 2017/18 Budget, delivered on 27 June, returns the city’s finances to surplus while lowering resident rates and investing in the city’s development.

A highlight of the Budget is $8.3 million for a Future City Program which will align a number of different strategies beyond standard planning horizons and provide a framework for the city to deliver on its long-term City Deal commitments.

Alongside the Budget, Council also adopted Pure Projects’ Transformation of Townsville report, which identifies a range of potential  projects within the existing CBD and the designated Priority Development Areas which could enable the reactivation of the Town Centre.

Townsville City Council also approved the creation of a Development Corporation to lead investment and market research, identify and resolve roadblocks, enable the release of government land to the market, and attract developers and businesses to the city. 

The Property Council has long advocated for an entity to drive the city’s urban redevelopment. While a lot of the detail is still to be worked out, the city’s property industry considers this a significant leap forward. As the entity takes form over the new financial year, the Property Council is keen to ensure that the selected model provides the impetus needed to deliver outcomes on the ground.

> 2017/2018 Townsville Operational Plan and Budget
> 2017/2018 Budget Summary
> 2017/2018 Mayoral Budget Speech