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