Lord Mayor reveals Brisbane flood costBy Kim Lyell, Tuesday February 5, 2013 - 14:06 EDT
Brisbane's damage bill from severe weather associated with ex-tropical cyclone Oswald is estimated at $60.5 million.
Lord Mayor Graham Quirk says the council will be left about $23 million out of pocket after Federal disaster relief payments.
He says council will have to find more savings to balance the budget or rates may have to rise.
"We're already going to have a bill which will exceed 100 million dollars in terms of the January 11 event," he said.
"This is now another 23 million dollars on top of that.
"Every eight million dollars that we spend in this city is about 1 per cent of our rates revenue - that's the equation."
© ABC 2013
More breaking news
The Top End of the Northern Territory is having one of its hottest May's on record, which is causing issues for a number of mango plantations.
Whilst it may just be beginning to feel like winter across the southern capitals, it sure feels like the tail-end of summer in Darwin.
Eight areas across New South Wales experienced record-breaking cold weather overnight, but the Bureau of Meteorology (BoM) says the state is still set for a relatively warm winter.