Toowoomba Regional Council (TRC) remains committed to delivering community-building projects while advocating to the State and Commonwealth Governments for a fairer funding share to achieve these goals, Mayor Cr Geoff McDonald said at today's (Thursday, October 23, 2024) adoption of Council's 2024-2025 Annual Report.
"Council is determined to seize on the opportunities that will help us deliver essential services and lifestyle features across our towns, our city and our Region," Mayor McDonald said.
"Gaining a fairer portion of the financial pie will ensure our communities continue to be places where ambition meets opportunity.
"Council is responsible for managing an asset base of more than $7 billion, which highlights the extent of the financial task before us.
"Our financial management will continue to focus on balancing affordability for residents while delivering essential services. Council's current credit rating of Sound with a Neutral outlook is assessed by Queensland Treasury Corporation, with the annual review currently in progress. The 2024-2025 results place Council in a strong position to maintain this rating.
