Banana Shire Council Delivers 2026/27 Budget
Published on 24 June 2026
Focused on Infrastructure and Financial Stability
Banana Shire Council has adopted its 2026/27 budget, committing to a $48 million capital works program that continues to invest in critical infrastructure and community improvements, while maintaining a responsible financial position.
Council is projecting an operating surplus of $6,500,000 and a net result of over $13 million after capital items, supported by strong external funding and fully funded depreciation.
Mayor Neville Ferrier said the budget strikes a balance between supporting the region’s long-term financial sustainability and delivering the infrastructure needed to grow the local economy and enhance liveability.
“This year’s budget builds on the hard work of previous years. We’re continuing to upgrade roads, improve water and sewerage infrastructure, and deliver recreational facilities that contribute to the quality of life in our Shire,” Mayor Ferrier said.
Key capital projects in 2026/27 include:
- Biloela Industrial Estate Completion
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$9,001,500
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- Water Services - construction, rehabilitation and improvements
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$8,299,000
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$7,852,000
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- Council Buildings - renewals
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$3,502,000
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- Parks and Open Spaces (primarily completion of the
Biloela Splash Park)
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$2,950,000
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$2,169,000
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- Sewerage Services - construction, rehabilitation and improvements
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$1,875,000
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$1,100,000
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- Urban Road Reconstruction
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$1,000,000
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The program will be supported by $16 million in external funding, including contributions from federal sources.
Council has applied an average rate increase of 8.19% across all categories, with most residential ratepayers seeing around a 3% increase. To help reduce the impact of property revaluations over the past two years, rate capping has been retained, ensuring more consistent charges for rural and residential ratepayers.
Council has taken proactive steps to strengthen its financial position in 2026/27, following a challenging year impacted by major infrastructure spending and natural disaster recovery works.
“It’s important we maintain a strong financial base while continuing to deliver the services and infrastructure our community expects,” Mayor Ferrier said. “We’ve secured record external funding this year to include capital projects and flood damage remediation works, and that’s allowed us to deliver for the region without overburdening ratepayers.”
The 2026/27 budget reflects Council’s ongoing commitment to responsible financial management, sustainable growth, and improved outcomes for residents across the Banana Shire.
To view the Mayor's Message and Capital Works Snapshot click here