Ms Bligh is holding her first Cabinet meeting of the year at the new Murrumba Downs State College where the plan to move Year 7 into the high school system is being trialled.

The Premier yesterday refused to rule out calling an election this week but today dampened speculation the poll could be called in coming days.

The final report from the $15 million Queensland Floods Commission of Inquiry is due on Friday, February 24. The first day an election could be held after that date is the next day, Saturday, February 25.

"I'd certainly want Queenslanders to know what the flood inquiry says before they make their assessment at the ballot box," Ms Bligh told reporters this morning.

"I'm not going to speculate any further on this issue.

"I said the most desirable outcome is for people to see it first."

Ms Bligh said she was not aware of any request for the inquiry, headed by Queensland Court of Appeal judge Catherine Holmes, to present its report earlier than the due date.

"I'm looking forward to the first Cabinet of the year this morning. We've got a number of important pieces of business to be getting on with," she said.

Ms Bligh said she had also been preparing a draft Cabinet agenda for the following two weeks.

She also took a swipe at the Liberal National Party, saying that "after last week's debacle" the LNP needed more time to develop credible policies.

The three-year anniversary of the Bligh Government is on March 21 but an election can technically be held as late as June.

The Brisbane City Council election is due on March 31 and the electoral commission doesn't want the state and local elections to be held too close together for logistical reasons.

Queensland’s Electoral Commissioner David Kerslake wrote to the State Government last September advising of problems if state and council elections were held on the same day.

However the commission did not set a preferred time period between the two elections, Mr Kerslake said.

“The Commissioner made no reference to any need to keep the State and Local Government elections a particular distance apart and the Commission is ready to conduct the State general election whenever it happens to be called,'' he said.

Officially, the actual timing of the state election is a matter for the Queensland Governor, on advice from the Premier.