In Labor’s first state budget since 2010,Treasurer Daniel Mookhey has announced policies targeted at housing affordability,essential services and public sector wages.
Labor’s first budget in 13 years delivers on election promises but stops short of giving the NSW public a clearer picture of what the Minns government’s long-term agenda will look like.
NSW Treasurer Daniel Mookhey’s first budget delivered precisely what the new Labor government had promised. Here’s what our experts think.
There’s particular irony in booking an extra $9.5 billion in stamp duty and $4.9 billion in land tax and directing so little of it back into building more houses.
Increased stamp duty and payroll tax are the major drivers behind an extra $17.6 billion rolling into the state’s coffers.
From the debt and deficit to housing,health and the cost of living – quickly get your head around what’s in the budget.
Unemployment in NSW will rise sharply over the next 12 months as higher interest rates sap the state’s economic momentum.
Budget figures show the cost of the Spanish-built trains and the rail infrastructure needed to accommodate them has blown out to $2.29 billion.
Teachers and students are the big winners,families and public transport users the losers.
Although it’s unlikely to be popular,except perhaps with public sector workers,there are various minor cuts for the rest of us to be annoyed by.
Treasurer Daniel Mookhey will deliver Labor’s first budget since 2010,which will focus on boosting housing supply,reforms to assist renters,and support for first home buyers.