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Rate relief in Bundy budget

Residents will have more money in their hip pocket, with no increase in rates for the majority of locals in this years budget.

Bundaberg Regional Council adopted the new numbers in a meeting on Tuesday, which has forecast a $5.25 million deficit for the 2020-21 financial year.

Mayor Jack Dempsey said unless there's a second-wave of COVID-19, "Council will return to a balanced budget in 2021-22 with no increase in loans".

“There’s an $83 million capital works program to create jobs and improve infrastructure,” Cr Dempsey said.

“There’s support for the construction industry to power the engine of economic recovery ... and there’s a helping hand for sporting organisations to get back on their feet.”

Finance portfolio spokesman Councillor Steve Cooper said there is no rise in general rates before adjustments to offset the removal of the early payment discount.

“For the vast majority of ratepayers there won’t be a rate increase,” Cr Cooper said.

“Some 42,037 ratepayers will see no change or a reduction in the general rate.