In October 2025, Queensland Treasury Corporation completed the credit review process for Toowoomba Regional Council (TRC). TRC's credit rating has been affirmed as Sound with a Neutral outlook.
Toowoomba Region Mayor Geoff McDonald said the announcement represented a strong and encouraging result for the community.
"Our community can take real confidence from this. It's pleasing to see Council's careful financial management and ongoing commitment to responsibly delivering essential services recognised in this way.
"Maintaining a Sound credit rating with a Neutral outlook is a positive outcome for the Toowoomba Region and means we are well positioned to meet current and future challenges," Mayor McDonald said.
He noted that all levels of government, Local, State and Federal, continue to face significant cost pressures, highlighting the importance of fair and sustainable funding.
"Right across the country, local councils are standing together to call for the restoration of untied Financial Assistance Grants to one per cent of Federal tax revenue. These grants are vital for supporting growing communities like ours.
"Despite a significant reduction in Financial Assistance Grants during the past five years, our Council has continued to plan responsibly and deliver. We should not be disadvantaged because of our strong financial stewardship," Mayor McDonald said.
