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
About 70,000 people in South Australia are still without power after wild weather plunged the state into darkness, although the lights are back on in Adelaide's metropolitan area.
The severe weather storm will continue to move across Victoria today, bringing heavy rains and wind gusts of up to 90 kilometres per hour.
Tasmanians are being warned to prepare for wind and rains forecast to lash the state on Thursday.