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  • Writer's pictureFlow Australia

Toll, energy rebates to ease cost of living

The upcoming NSW Labor budget is expected to balance boosting essential services and cost of living help with rising debt and interest payments.

The NSW Labor government has flagged a raft of big-ticket spending items as it prepares to hand down its first budget since 2010.


* $3.6 billion over four years will pay for lifting the 2.5 per cent cap on public sector wages

* Pay rises of 4.5 per cent, including superannuation, have been locked in with educators, nurses and prison workers

* Funding has been reprioritised from other budget areas to pay for the boost


* $561 million will go towards capping road tolls over two years

* Nearly three-quarters of a million motorists will have tolls capped at $60 a week from January 1

* $54 million will go to rebates for truck drivers on the M8 and M5 East


* $1.8 billion will be set aside to build power lines, batteries and other renewable energy infrastructure, including $1 billion to establish an Energy Security Corporation

* Coal royalties hiked in NSW for the first time in almost 15 years, forecast to leave the state budget more than $2.7 billion better off over four years

* Extra $100 million to increase electricity rebates for low income households


* $260 million will go towards increasing the state's uptake of the environmentally friendly vehicles

* Funding for infrastructure upgrades, prioritised for regional NSW, renters, apartment dwellers and people who don't have access to home chargers

* Projects include fast chargers on commuter routes, more kerbside chargers near apartment blocks and upgraded grid capacity to support fleets

* EV rebates and stamp duty exemptions scrapped from January 2024


* $224 million to strengthen housing safety net

* Initial investments in the next 12 months will go towards new social housing supply and getting people off housing waitlists


* Additional $228.6 million over 10 years for multiple integrity agencies including the audit office, anti-corruption commission (ICAC), law enforcement commission, NSW electoral commission and ombudsman's office

* The agencies have been permanently removed from the premier and cabinet department financial management processes to ensure they are at arm's length from government

* NSW Treasury will have a specialist integrity agency unit to manage representations of funding needs and provide agencies with information


* A $3.5 billion boost for more than 60 schools either being built or upgraded over the next four years in Sydney's west and southwest

* Additional $1.4 billion to upgrade or build regional public schools

* Teachers will receive a big pay rise, with some becoming the best paid in the country

* Parents of three-year-olds in pre-school will receive $500 subsidies using money from a fund established by the former coalition government


* Four hospitals will share in $3 billion to improve services in western Sydney, including more than $1 billion to rebuild the Bankstown-Lidcombe Hospital on a new site

* Healthcare study subsidies worth $4000 a year for new students and a one-off $8000 for existing students will cost $121.9 million over five years

* Women's health centres will receive $34.3 million to help increase staff numbers and reduce counselling waitlists


* $1.1 billion diverted from within the transport budget to convert the Bankstown rail line into a driverless metro by October 2025

* The state-owned Transport Asset Holding Entity of NSW will become a not-for-profit entity, estimated to reduce state debt by more than $4 billion over four years

* Fares across the Opal ticketing system will be hiked from October 16 by an average of 3.7 per cent to help fund rail service upgrades


* The NSW Reconstruction Authority will get $115 million to help prepare for and clean up in the wake of natural disasters

* $438.6 million pledged for 500 additional paramedics in rural and regional areas to help improve ambulance response times

* Plans to raise the wall of Wyangala Dam, near Cowra in the state's central-west, by 10 metres are scrapped


* $200 million to sustain out-of-home care throughout 2023/24, supporting vulnerable kids who can no longer live at home


* An overhaul of how NSW manages $108 billion of public money in investment funds could reduce budget contributions by $1.1 billion over four years.


* Budget will be based on planning that the "no worse off" guarantee will made permanent

* Guarantee established after the GST floor was introduced

* Ensures all states and territories receive a guaranteed minimum 70 per cent share of GST revenue with Commonwealth to compensate for shortfalls

* NSW expected to receive around $3.8 billion in payments in 2023/24 and 2024/25 


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