THE region will have to dig deep this coming financial year.
South Burnett Regional Council is facing a $508,000 deficit instead of a surplus of $1.68million it originally forecast.
The council's finance portfolio spokesman, councillor Keith Campbell, said he didn't think in his "wildest dreams" the council's budget would deteriorate in the way it has.
He said the result was significantly down from the September forecast of a $1.68million surplus.
Cr Campbell said after the impact of the flood damage restoration works was removed and funds carried forward from 2011/12 were taken into account, the deficit would stand at $500,000.
"The shocks this council has endured in the past few months have had devastating effects on our budget," he said.
"We have lost $1.2million in funding from the Regional Road Grants and more recently we lost $180,000 from the Federal Assistance Grants.
"Having money from revenue like this stripped from council has put us in a challenging position and has come as a real financial shock."
Cr Campbell said the council would have to make a number of tough decisions as they begin discussions about the 2013/14 financial year.
Cr Kathy Duff said she was disappointed the Federal Government could "pull funding with no warning".
"Their decision to strip us of funding has put us in a situation where we can no longer balance the books," she said.
"It's going to be hard for us to operate knowing (this) coming into a new budget."
Cr Damien Tessmann said it was "bloody disgraceful" the council was now back where it started almost five years ago because of government funding cuts.
But he said the council would rise to the challenge.
Cr Barry Green said he was concerned about how ratepayers would have the capability to cope with more rate rises.
He said it would be "almost impossible" to reach revenue without increases in rates.
If you want the best high set brick and tile home in Karalee then look no further as 6 Joanne St will tick all the boxes for you. Set on a flood free 1588m2 block...
Built by the current owner 14 years ago this Miles Harm built home just oozes quality in every direction. Set on a 4000m2 block set back from the road this 4...
Welcome to 42 Kennedy Drive, this great residence is located in the much sort after Redbank Plains area and would be ideal for a family home or for the astute...
The owners of this lovely Plantation home (only 3 years old) have now decided to sell which now gives you the opportunity to upgrade the family home and lifestyle.
andbull; DA approved for 5 storey commercial development GLFA 1,923m2 andbull; Planned commercial retail and offices with lower ground level car park and landmark...
This unique solid brick family home is a much loved one owner home and only a short walk to the Bundamba Railway station & Tafe College. - Offering 3 built in...
With the market moving and homes selling quickly this quality low set brick home in Raceview is one for the buyers whether you are keen investors or somebody...
Three bedroom lowest brick home All with built in robes. Family bathroom with separate toilet and powder room Plus separate shower and bath room. Kitchen with...
* Large 2 storey A/C office building with separate entries for each level and rear parking. Opportunity to occupy or lease the substantial upper level with income...
LOT 709 PINE MOUNTAIN QUARRY ROAD PINE MOUNTAIN . $329,000 HOP SKIP JUMP INTO THE CITY WHILE BEING IN THE BUSH! Under 6 kms to West Moreton Anglican...
Join the Community.
Get your local news, your way.
Update your news preferences and get the latest news delivered to your inbox.