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7 News Queensland 'Sick and tired': Premier's budget speech 'Sick and tired': Premier's budget speech 'Sick and tired': Premier's budget speech The Labor government will go on a "massive infrastructure spend", including fully funding Cross River Rail and sending Malcolm Turnbull the bill. The state government will commit a further $2 billion to building Cross River Rail but the federal government is making it "incredibly tough for Queensland". Nine News Lord Mayor Graham Quirk pledges $1 billion for infrastructure, $655 million for public transport, $50 million for Brisbane Metro and a 2.4% rate rise. Lord Mayor Graham Quirk Mortgage broker Oak Laurel West End handed down his seventh budget on Wednesday morning, which hit Brisbane ratepayers with a 2.4 per cent average rates increase , or about $37 a year. The minimum rates for owner-occupiers and non-owner occupiers will also increase. Brisbane City Council budget 2017-18: Where your money goes For owner-occupier residential, the minimum rates will increase from $635.88 to $685.88, while non-owner occupiers will be hit with a $75 increase to $894.24. Cr Quirk said it was "nice to build new things" in Brisbane, but it would come at a cost. "I make no apologies for making sure that our city keeps pace in regards to infrastructure delivery, public transport delivery, taking action on traffic congestion and maintaining a superior lifestyle to anywhere else in Australia," he said. The cost of two major projects – the $650 million Kingsford Smith Drive upgrade and the $944 million Brisbane Metro – could be linked to a 8.2 per cent increase in the net debt per capita, up from the 7.2 per cent increase in 2016-17. Road projects, a new transport system and a 2.4 per cent average rate rise are in the Brisbane City Council 2017-18 budget. Finance chairwoman Krista Adams said future borrowings were looking better than they were a year ago thanks to changes to the Brisbane Metro. "Over the next decade we will see that reduction, predominantly reduced by the $425 million we reduced the metro by," she said. Lord Mayor Graham Quirk said it was "nice to build new things" in Brisbane, but it would come at a cost. The 2017-18 budget showed the borrowing figure at $49.6 million for the next financial year and forward estimates indicated borrowings would jump to $478 million in 2018-19 before the construction of the Brisbane Metro started. Borrowings were then predicted to drop to $14 million in 2019-20. Along with funding for the Brisbane Metro, the budget revealed ongoing financial commitment to several election promises as well as several new initiatives. Council's bus safety review - $2.7 million Brisbane River, bays and waterways activations - $7.9 million Linking Toowong cemetery and Mt Coot-tha gardens - $1.1 million Internal "love food hate waste" movement - $1 million Celebrate Expo 88's 30th anniversary - $555,000 Musgrave Pool refurbishment - $5.8 million Commence design and construction of a new CityCat - $4 million Support the Wynnum Beach volleyball activation project - $112,000 Commence construction of the green camp road corridor - $27.2 million The plans to reinvigorate Mt Coot-tha as a major tourist destination in Brisbane received the first of the $11.5 million to be spent over four years. The promised zip-line on Mt Coot-tha was getting closer, with $710,000 allocated in this year's budget. Next year's budget showed a further $935,000, while the $170,000 was shown for 2019-20 to finish off the project.
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