Brisbane City Council households can expect a rate hike in its annual budget next week but it will not be above the local inflation rate of 6 per cent, according to Lord Mayor Adrian Schrinner.
Mr Schrinner would not confirm the exact average rate rise to ABC Radio Brisbane but agreed there was little doubt rates would have to increase.
"At the moment Brisbane inflation is sitting at 6 per cent," Mr Schrinner said.
Last year the council's rates rose 3.75 per cent, adding an average $15.65 per quarter to residential rates.
Read More: https://www.abc.net.au/news/2022-06-07/brisbane-rates-set-to-rise/101131598