The winners and losers in the 2024 New South Wales budget

Nsw News

The winners and losers in the 2024 New South Wales budget
BudgetDaniel MookheyAffordable Housing
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Housing for essential workers and billions in funding for new and upgraded schools are just some of the big-ticket items in NSW Treasurer Daniel Mookhey's second budget.

NSW Treasurer Daniel Mookhey has vowed not to impose austerity on the state despite the NSW budget remaining in deficit for the next four years.

The 12-kilometre project will link the Parramatta CBD with Sydney Olympic Park, via Camellia, Rydalmere, Ermington, Melrose Park and Wentworth Point, with 14 new stops and three new river crossings. The halt in indexing will mean people who own investment properties and holiday homes will need to pay land tax once their property values exceed $1.075 million.

"This gives GPs across NSW certainty that they can continue to operate and keep their doors open for patients, without fear of being hit with a huge tax bill that will shut them down."NSW residents hoping for a cash injection to help with cost of living will be disappointed with this budget.There are no new rebate measures in this year's budget.

They include a four-lane upgrade to Elizabeth Drive, the next stage of construction on Mamre Road, and four lanes along part of Mulgoa Road. Mr Mookhey said the Commonwealth Grant Commission's decision had cost NSW more lost revenue than the COVID-19 pandemic. The government has allocated $131 million for family support in the form of maternal and child health programs.

The government will spend $3.6 billion on schools in Western Sydney, though all apart from a new public school and high school at Box Hill have previously been announced.Existing schools will benefit from $1.08 billion for maintenance, $200 million more than last year, including $600 million for school maintenance, $150 million for disability access and safety and $200 million for small upgrades and refurbishments.

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