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Brisbane residents have been given a rates freeze after the COVID-19 pandemic sent the city council's budget more than $140 million further into the red.
The city council will freeze rates for six months with rates then from January 2021 rates will be increased on average by 2.5 per cent.
It is the first rates freeze in 35 years for the city.
"We've worked really hard to reduce rates and at the same time we are waiving fees on local businesses," Lord Mayor Adrian Schrinner said.
"This is a budget to help Brisbane rebuild."
Residents receiving JobSeeker payments will also be eligible for a one-off $250 rebate on their rates bill.
The existing pensioners discount - up to 40 per cent - is also being extended.
New home buyers also benefit by not having to pay rates for their first year.
Almost all other council fees and charges will also be frozen until January 2021 when they are likely to be reviewed again.
Renters will receive free tip vouchers for the first time, but kerbside collection will be suspended for two years.
It's hoped the move will save the council $13 million.
While a wage freeze for council staff could save $36 million.
The price of parking metres in the city will also increase by 20 cents per hour from January next year.
Brisbane City Council is also set to spend $840 million on infrastructure projects, including its five green bridges.
Development of the Kangaroo Point and Breakfast Creek bridges will be fast-tracked.
The Bellbowrie bridge will be scrapped following community feedback.
Brisbane City Council's $3.1 billion 2020-21 budget was handed down today.
Cr Schrinner emphasized the hard hit to the city's finances caused by the coronavirus pandemic shutdown.
Cr Schrinner described the budget a its "toughest ever".