World News – AU – Victorian Budget 2020: The Winners and Losers

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Frankston Hospital. This year, major work at Frankston Hospital worth $ 562 million will begin at $ 16. 2 million in this year’s budget. There will be $ 27. 2 million in the 2021/22 budget, 124 US dollars. $ 6 million in 2023/24 and $ 191 million in 2023/24.

Families in growth areas. Treasurer Tim Pallas raised $ 115 million this year to the Metropolitan Health Infrastructure Fund and $ 66 million to purchase land in Cranbourne, Torquay, Pakenham, the city of Whittlesea, Eltham, Point Cook and the inner south for municipal Hospitals provided three more.

students. A huge infrastructure investment of $ 3 billion for school upgrades will renew the campus and create jobs. There is nearly $ 250 million for retired teachers returning to school as tutors and $ 16. 6 million to keep four year old children free for the next year.

Students with disabilities. Almost one in ten Victorian students receives one dollar individual assistance for the disabled. 6 billion investments that the government says will create more than 1,700 jobs.

Rail commuters. Total $ 2. $ 2 billion on the Suburban Rail Loop, $ 2 billion on the Geelong Fast Rail and $ 660 million for the next phases of modernization on the Shepparton and Warrnambool routes. The government will also spend $ 276. $ 5 million on the Dandenong Corridor for faster, high-capacity subways and $ 5. Around Caulfield Station, 5 million are working on the line to enable the Frankston and Dandenong lines to be separated.

Tram users. Total $ 1. 48 billion will be spent on the construction of 100 new, modern, accessible trams to take the aging A and Z class trams out of service. What will be the largest tram order in decades will include an order for new E-class trams, and possibly another type. In addition, a new maintenance facility in northwest Melbourne will be commissioned to support 1900 jobs.

Road users. Total $ 1. 6 billion in road network and infrastructure initiatives, including $ 2. $ 5 million under the Summer Streets program for traffic management at COVID-safe outdoor events, $ 117 million for road and intersection upgrades across Melbourne, and $ 411 million for renovation, rebuilding and maintenance of 1700 kilometers of road.

Social Housing Residents. A total of 9,300 new homes were announced, including 2,000 for people with mental illness. There will also be 2900 new affordable and inexpensive low paid homes so they can live closer to their workplaces. A quarter of these funds go to regional Victoria.

People at high risk of COVID-19. New funds to protect public housing residents from coronavirus, with the money for testing, cleaning and safety.

Job seekers. More than $ 620 million has been pledged for a new program that aims to connect job seekers with a job that is right for them, including personal support and mentors to help Victorians get back into the job market.

domestic tourists. Those looking to visit regional Victoria will benefit from improved facilities at tourist hotspots such as the Grampians, Wilsons Promontory, and state ski resorts. And the government will spend nearly $ 30 million on vouchers to promote domestic vacations.

Clean energy. Total $ 1. 6 billion was allocated to clean energy, including $ 797 million last week for heating and cooling efficiency. New today is $ 540 million for six « renewable energy zones » in places like sunny Mildura and the windy east coast.

company. Companies hiring new employees can pay less wage tax and the threshold for paying wage tax has increased.

New Home Buyers Eliminate up to 50 percent of the cost of stamp duty on homes valued at up to $ 1 million.

Melton Hospital. The long-awaited $ 75 million Melton Hospital, which the Andrews administration announced with fanfare on the eve of Budget Day, has turned out to be a bit sizzling. Treasurer Tim Pallas has only 100 in this year’s budget. $ 000 donated to the hospital. Most of the money only flows after the next election. US $ 30 million is budgeted for 2021/22 and US $ 45 million for 2023/24.

Warrnambool Base Hospital. The hospital in southwest Victorian city, which has been promised $ 384 million for a refurbishment, isn’t going to see much money this year. $ 3. 3 million will flow in this year and there is $ 23. $ 7 million in 2021/22, $ 58 million in 2022/23, and $ 92 million in 2023/24.

Independent schools. Last year’s budget was $ 400 million for independent schools over a four-year period for new infrastructure. Perhaps unsurprisingly, this was not accounted for in Tuesday’s budget, which does not include new funding for independent Victorian schools, although they typically receive a lot of government money compared to other Australian states and territories.

cyclists. Less than half of the goal of 12 bike upgrades was achieved in the past fiscal year, with only five projects completed. The government blamed delays related to stakeholder engagement and problems in finalizing the scope. But $ 63. 4 million will be spent on pedestrian and bicycle infrastructure around schools.

bus user. The bus companies’ safety audits were well below the target of 560 audits, although only 368 audits were completed in the past financial year. The government said this was due to the effects of the COVID-19 pandemic. But $ 20 million will be spent on an experiment with zero-emission buses. Ongoing improvements to bus connections for just $ 4. 2 million over the estimates pale in comparison to tram and train boosts – $ 1. $ 5 billion for 100 new trams and $ 500 million for commuter parking and corridor works in Dandenong.

Social housing. A total of 1,100 old units, wholly owned and managed by the state, are being replaced with new houses run by social housing agencies that do not offer the same guarantees to the most vulnerable residents.

The police association. The Victoria Police Union has campaigned for a force-wide rollout of tasers that was not included in the budget.

Lockdown rule breaker. Fines are one of the few government revenues that has increased. This year, $ 911 million is expected to be spent on speed and red light cameras, toll avoidance, on-site fines, court fines, and other road traffic violations.

farmers. The Victorian Farmers Federation wanted significant investments in road and rail, including completing the Murray Basin Rail project. It didn’t, as only $ 50 million was provided out of the nearly $ 250 million. And there is little else that could help the sector recover from natural disasters and a trade war with China.

Electric car owners. Over the weekend, the government announced it would introduce a zero-emission vehicle tax that would raise $ 30 million over four years. Less money – $ 25. 2 million – was included in today’s budget for « accelerating the introduction of zero-emission vehicles ». This combination makes an already suppressed industry in Australia less attractive to consumers.

Art workers during COVID. Figures from the Bureau of Statistics show that arts and leisure services were the hardest hit in terms of employment in the months leading up to August 2020, with employment in the industry in Victoria falling more than 30 percent.

taxpayers. To get the state out of a recession triggered by the global coronavirus, the state government is taking out large loans and net debt is expected to reach $ 154. 8 billion in 2023/24 – that corresponds to 23. $ 000 per person.

Young people. You will pay for the economic damage the pandemic has wreaked for decades. It will take a long time for debt to return to pre-COVID levels.

Victoria, Government Budget, Tim Pallas, Daniel Andrews

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Ref: https://www.theage.com.au

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