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The Lockyer October 8 2020

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CREDIT RATING<br />

UPGRADE<br />

FOR LOCKYER<br />

VALLEY<br />

REGIONAL<br />

COUNCIL<br />

<strong>Lockyer</strong> Valley Regional Council<br />

received a credit rating of Neutral<br />

in the 2019 Credit Review.<br />

<strong>The</strong> Queensland Treasury Corporation (QTC)<br />

completed the Credit Review process based<br />

on information provided by Council up to 31<br />

August <strong>2020</strong>.<br />

<strong>Lockyer</strong> Valley Regional Council Finance<br />

Portfolio Councillor Chris Wilson (pictured<br />

below) said Council’s rating has been<br />

upgraded from Weak to Moderate with a<br />

Neutral outlook.<br />

“This rating is reflective of previous and<br />

forecast operating surpluses and adequate<br />

debt servicing.<br />

“As an organisation, our high councilcontrolled<br />

revenue indicates the ability<br />

to respond to adverse events, such as the<br />

COVID-19 pandemic, while total borrowings<br />

have also decreased significantly,” Cr Wilson<br />

said.<br />

<strong>Lockyer</strong> Valley Regional Council Mayor, Cr<br />

Tanya Milligan said Council continues to work<br />

tirelessly to turn the organisation’s finances<br />

around.<br />

“We continue to work hard to deliver on a<br />

back-to-basics approach to spending and<br />

we are focused on delivering responsible<br />

and sustainable Budgets that have the best<br />

interests of the entire <strong>Lockyer</strong><br />

Valley at heart.<br />

“As an organisation, we are living within our<br />

means while still being able to plan for the<br />

future and we will continue to make decisions<br />

that are in the best interest of the community,”<br />

Mayor Milligan said.<br />

For further information, contact Council on<br />

1300 005 872 or visit Council’s website, www.<br />

lockyervalley.qld.gov.au<br />

PLAYGROUND FOR LAIDLEY<br />

RECREATION RESERVE<br />

Mr Jim McDonald MP Member<br />

for <strong>Lockyer</strong> has announced that<br />

the LNP will fund $250 000 to<br />

construct a playground at the<br />

Laidley Recreation Reserve if<br />

elected on 31 <strong>October</strong> <strong>2020</strong>.<br />

<strong>The</strong> Laidley Recreation Reserve is the main<br />

sporting precinct in Laidley with netball,<br />

soccer, rugby league, touch, little athletics<br />

and softball clubs housed at the facility. In<br />

addition, the community make use of the<br />

walking paths, skate park and gymnasium<br />

daily.<br />

“A playground is included in the Laidley<br />

Recreation Reserve Masterplan and this<br />

funding will provide an important addition to<br />

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the well-used facility,” said Mr McDonald.<br />

“Having lived in Laidley for almost 13 years,<br />

I know that a playground at the Recreation<br />

Reserve is the missing link”, said Mr McDonald<br />

“Playgrounds provide a place for children to<br />

work off energy, have fun and interact with<br />

their peers. It also gives them a safe learning<br />

environment to develop physical, social,<br />

emotional and problem-solving skills,” said Mr<br />

McDonald.<br />

Pictured: Representatives from the Laidley<br />

Recreation Reserve Committee Dan Flanagan,<br />

Jill Ilka, Russell Berlin and Pat Byrne welcomed<br />

the announcement, as did some of the Laidley<br />

kids who will undoubtedly enjoy the playground<br />

in the near future. “Yeahhhhh!!!” they said in<br />

chorus.<br />

THE LOCKYER - Thursday <strong>October</strong> 8, <strong>2020</strong> - Page 3

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