The Maranoa Mayor says there is a very good chance both state and federal governments will contribute to Roma's flood mitigation program.
The southern inland town has been hit by three major floods in as many years.
Insurer Suncorp says it will not write new policies until more flood mitigation work is done.
The Queensland Government has given the council $100,000 to complete community consultation and develop detailed plans for a levee, diversion channel for Bungil Creek and a house relocation program.
Mayor Robert Loughnan says about $15 million would be needed for construction.
"Which means we would be looking for 20 per cent of the total project costs, about $3 million, the rest would be shared between the two levels of government," he said.
"But I'll say it again, there's still no guarantee that that's going to happen yet, although from talking to both levels of government I think there is a high degree of support for our project and the way we've gone about this.
"It [the planning] may even get underway late next week but it may involve six weeks of full-on consultation - that involves a full-on presence in the main street, bring up their own situation and have a look at how this strategy might impact on their own situation and see what the solution might be."
© ABC 2012
10:11 EST Perth will get another splash in its wettest May in eight years before the sun takes hold for the rest of the week.