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Brisbane City Council Meeting - 8 August 2023 (www.youtube.com)

submitted 1 year ago by Zagorath@aussie.zone to c/brisbane@aussie.zone

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[–] Zagorath@aussie.zone 3 points 1 year ago (1 children)

CBIC (City of Brisbane Investment Corporation), established in 2008, was given $123 million at its establishment as well as $12 million in shares of the Brisbane Airport.

It has paid $181 million in dividends in that time, and its equity is $340 million today.

According to the Lord Mayor, were Labor to get into Government they would spend all of that and then "come for your rates".

[–] Zagorath@aussie.zone 3 points 1 year ago

Some interjections from Labor. Not entirely clear what they were saying, but it was something about rent. CBIC being paid rent by Council, perhaps?