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Brisbane City Council Meeting - 8 August 2023
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this post was submitted on 08 Aug 2023
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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".
Some interjections from Labor. Not entirely clear what they were saying, but it was something about rent. CBIC being paid rent by Council, perhaps?