IPSWICH City Council’s debt remains near $400 million, but the past year has seen $316 million invested in major capital projects across the city.

The Council collected $279.9 million in rates and utilities and secured $227.1 million in grants, contributions, and donations.

The 2024-25 Annual Report shows a strong net surplus of $175.97 million, even as total debt sits at $398.5 million – marking a year of bold spending and strategic growth for Ipswich.

The Council received a greater amount of operating revenue, up 8.2 per cent on the previous year to $604.7 million, a result from population growth, but that was offset by an increase in expenditure by 16 per cent thanks to staff wage rises, inflationary increases in the costs of goods and services and increased depreciation.

Mayor Tere

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