THE region will have to dig deep this coming financial year.
South Burnett Regional Council is facing a $508,000 deficit instead of a surplus of $1.68million it originally forecast.
The council's finance portfolio spokesman, councillor Keith Campbell, said he didn't think in his "wildest dreams" the council's budget would deteriorate in the way it has.
He said the result was significantly down from the September forecast of a $1.68million surplus.
Cr Campbell said after the impact of the flood damage restoration works was removed and funds carried forward from 2011/12 were taken into account, the deficit would stand at $500,000.
"The shocks this council has endured in the past few months have had devastating effects on our budget," he said.
"We have lost $1.2million in funding from the Regional Road Grants and more recently we lost $180,000 from the Federal Assistance Grants.
"Having money from revenue like this stripped from council has put us in a challenging position and has come as a real financial shock."
Cr Campbell said the council would have to make a number of tough decisions as they begin discussions about the 2013/14 financial year.
Cr Kathy Duff said she was disappointed the Federal Government could "pull funding with no warning".
"Their decision to strip us of funding has put us in a situation where we can no longer balance the books," she said.
"It's going to be hard for us to operate knowing (this) coming into a new budget."
Cr Damien Tessmann said it was "bloody disgraceful" the council was now back where it started almost five years ago because of government funding cuts.
But he said the council would rise to the challenge.
Cr Barry Green said he was concerned about how ratepayers would have the capability to cope with more rate rises.
He said it would be "almost impossible" to reach revenue without increases in rates.
Arriving at the complex you will notice tidy landscaping and immaculate maintenance overall, with visitor parking and privacy fencing. Inside natural sunlight...
This harmonious home loaded with elegance, warmth and value is being offered to the market for the first time in over 30 years. This much loved family home, in...
Situated at the base of the Toowoomba Range and only minutes to Withcott Elevated house blocks all with views to Tabletop and easy access to the Warrego...
Good Location And It’s Neat As A Pin This great home is enhanced by landscaped grounds and offers a comfortable relaxing atmosphere – all just a whisper away...
Just look at this landSuch an ideal opportunity, so grab it with both hands now! - 1619m2 of lovely flat land; - 3 sides fenced; - Power and water connected; ...
These trendy new townhouses have all the features that you want in a brand new townhouse and more! Located in a private position in quiet street that's handy to...
Buyers in the $330/345,000 Please Note This property is seriously for sale, priced accordingly and is perfect for first home buyers, families or astute investors.
An affordable offering for the first homebuyer or astute investor, this boutique block of 6 stand-alone detached 2 bedroom Villas is available to purchase together...
Looking for the perfect alternative to the demands of a home and yard, then this exceptional and very rare property will impress as it offers the feel and size of...
This architecturally designed Tudor style residence has been in the same family since construction - first time ever offered to the market! If it's lifestyle and...
Join the Community.
Get your local news, your way.
Update your news preferences and get the latest news delivered to your inbox.