What you can expect from nsw budget 20160621 p5ugym.html – Breaking News & Latest Updates 2026
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This was published 10 years ago

What you can expect from NSW Budget

AAP

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NSW BUDGET: WHAT'S ALREADY ON THE CARDS

WINNERS

* $12 billion: Sydney Metro railway project

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* $3.8 billion: NSW prisons

* $1 billion: child protection and foster care

* $500 million: water pipeline from Murray River to Broken Hill

* $300 million: domestic violence prevention, including nearly $3 million to an Australian-first trial of fitting GPS tracking bracelets on high-risk offenders

* $135 million: Sydney and Parramatta Light Rail projects

* $58 million: Raising Warragamba Dam wall and flood risk management

* $25 million: the new Sydney School of Entrepreneurship to help foster more start-ups

LOSERS

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* $1.41 billion in cuts to government agencies with the back office annual efficiency dividend measure to continue

* Additional four per cent stamp duty surcharge for foreign investors buying homes and apartments

* Extra 0.75 per cent land tax hike on residential real estate for overseas buyers

SCRAPPED

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* Mortgage duty, share transfer duty and non-real transfer duty taxes: worth a joint $1.8 billion over the forward estimates

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