New South Wales Budget 2024-25: Key Portfolio Measures

18 June 2024

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Housing and Planning

Housing remains a key priority for the Minns Labor Government in the 2024-25 Budget with a focus on delivering social homes, support for homelessness services and improving planning systems. Additionally, the Government will seek to provide improved access to housing for essential workers.

In 2024-25, expenditure measures include:

  • $5.1 billion over four years for social housing, funding land purchases and 8,400 new homes.
  • $655.1 million for rental assistance for key workers, including $450 million for rental relief through Landcom’s Key Worker Build-to-Rent Program and $200.1 million for rural and regional health worker accommodation.
  • $555.5 million to improve the state’s planning system and housing infrastructure, including $253.7 million for development application assessments and rezonings, and $246.7 million for infrastructure, conservation, and land acquisition in Western Sydney.
  • $527.6 million for homelessness and emergency housing, including $260 million to assist with accommodation and $250 million for broader needs of the homeless or those at risk.
  • $520 million for the Transport Oriented Development Program to rezone areas around eight train and metro stations as priority precincts and 37 train and metro stations across greater Sydney to increase midrise housing.
  • $200 million for the Faster Assessments program, providing grants to councils to incentivise them to provide infrastructure supporting housing.

Transport and Roads

The Government has committed to $80.5 billion to 2027-28 in enhancing transport across the state, including $62.9 billion towards the Transport Capital Program, and a focus on Sydney’s transformational Metro projects, regional roads and rail fleet.

In 2024-25, expenditure measures include:

  • $13.4 billion over four years for Sydney Metro West, including a potential new station at Rosehill.
  • $5.5 billion over four years for the Western Sydney Airport Metro project.
  • $4.2 billion over four years for the Western Sydney Harbour Tunnel Upgrade.
  • $2.1 billion for Parramatta Light Rail Stage 2.
  • $1.9 billion over four years for a new zero-emissions bus fleet.
  • $1.2 billion for completion of the Sydney Metro City and Southwest lines.
  • $1.1 billion over four years for Roads Safety Investment.
  • $561 million over two years to continue the $60 toll cap for motorists on Sydney’s toll roads.
  • $441.5 million over four years to upgrade the Sydney Trains Tangara fleet, to extend its lifetime by 12 to 15 years.

Health

The Government has committed to $13.4 billion over four years to 2027-28 to develop health infrastructure, as part of the Essential Infrastructure Plan with funding focusing on hospital and facility upgrades, particularly for regional and rural areas, and a priority to reduce to emergency departments across the state. Additionally, the Government will boost the healthcare workforce by providing funding for accommodation across rural and regional areas and committing to increase staffing at new and upgraded hospitals.

In 2024-25, expenditure measures include:

  • $480.7 million for an emergency department relief package, to reduce 290,000 emergency department visits each year.
  • $395.3 million for ongoing hospital redevelopments at Eurobodalla, Ryde, Temora, Mental Health Complex at Westmead, Liverpool, Moree, Nepean, Cessnock and Shellharbour.
  • $274.7 million for the Essential Health Services Fund to employ 250 new healthcare workers at new and upgraded hospitals.
  • $265 million for upgrading Port Macquarie Hospital, with $16.1 million to be spent over the next four years.
  • $200.1 million to expand the Key Health Worker Accommodation Program to support over 500 health workers in rural and regional areas through the provision of health worker housing.
  • $188.8 million for the Bulk-Billing Support Initiative to maintain the cost of seeing a GP by waiving payroll tax liabilities for contractor GPs and provide an ongoing tax rebate to clinics.
  • $130.9 million for the Family Start Package to provide a range of maternal and child health initiatives, including $40 million to support children in their first 2,000 days and support new parents and babies.
  • $111.8 million over four years for mental health care, including services to reduce long stay hospitalisation and a dedicated mental health single front door, with $30.4 million to expand community mental health teams.
  • A 10.5 per cent wage increase over three years to public sector workers.

Education

The Government is committed to delivering capital investments that help rebuild public education across the state, with particular focus on the delivery of new and upgraded public schools and new preschools. The Government continues to support TAFE and fee-free training for apprentices and trainees across the state.

In 2024-25, expenditure measures include:

  • $8.9 billion over four years to 2027-28 for the Rebuilding Public Education Program to support the planning and delivery of new and upgraded schools, which includes:
    • $3.6 billion for new and upgraded primary and high schools for Western Sydney, including new schools in Box Hill.
    • $1.4 billion for new and upgraded schools in regional NSW, including new schools in Huntlee.
    • $1 billion for maintenance and minor works at public schools in 2024-25.
    • $769 million for 100 new public preschools.
    • $481.1 million in additional funding for the NSW Government’s Gonski Schooling Resource Standard which fulfils the commitment to fund 75 per cent of the School Resourcing Standard.
    • $83.1 million over four years to support TAFE NSW convert casual teachers into full-time staff.
    • $60 million towards new and upgraded preschools at non-government schools.

Energy and Environment

The Government will commit to $4.5 billion over the next four years in the Climate Change, Energy, the Environment and Water portfolio with a focus on regional renewable zones in Northern NSW.

In 2024-25, expenditure measures include:

  • $3.1 billion over four years to deliver the Central-West Orana Renewable Energy Zone, the New England Renewable Zone and the Hunter Transmission Project.
  • $945.7 million to invest in biosecurity protections including $217.2 million to establish a Biosecurity Commissioner and the Bio Defence Lab.
  • $435.4 million in cost of living relief with increases to the Family Energy Rebate, the Seniors Energy Rebate, the Low-Income Household Rebate and the Medical Energy Rebate.
  • $362.3 million over four years to improve regional water security including replacing the Nyngan to Cobar pipeline and replacing water infrastructure in the Murrumbidgee and Murray regions.
  • A further $263.5 million to support the rollout of the updated NSW electric vehicle strategy including $149 million for EV fast chargers.
  • $128.5 million to upgrade roads at the Port of Newcastle to enable the transport of equipment for Renewable Energy Zones projects.
  • Eraring Power Station will continue to operate for the next two years after the Government announced an extension in May. The Government will pay Origin Energy up to $450 million (capped at $225 million per year) over the next two years should the power station run at a loss.

Disaster Relief, Communities and Justice

The Government will invest $5.7 billion co-funded with the Federal Government to continue natural disaster support and recovery programs. Additionally, the 2024-25 Budget outlines significant investments towards State emergency response systems, support for victim-survivors of domestic and family violence, and community safety measures.

In 2024-25 expenditure measures include:

  • $3.3 billion to repair local and State roads damaged by floods.
  • $632.4 million for new and safe housing in the Northern Rivers and Central West regions, and to support the Resilient Homes Program.
  • $303.5 million to repair and rebuild water, sewerage, and community infrastructure for future disasters.
  • $224.1 million to better improve the foster care system.
  • $94.7 million for critical resources in flood rescue coordination, operational enhancements, and fleet expansion.
  • $45 million to improve bail laws and justice system responses to domestic violence.
  • $40.3 million to support the Office of the Director of Public Prosecutions with training and services.

Building Better Communities

The Government is focusing on social and cultural programs that seek to boost community harmony and rebuild the night-time economy and creative industries and includes funding for support programs and services for First Nations communities.

In 2024-25, expenditure measures include:

  • $202.6 million for urgent repairs to social housing for First Nations communities, this funding is captured under the Building Homes for NSW program.
  • $88.8 million for the NSW Office of Sport, to be deployed for grassroots and women’s sports initiatives, and planning for the relocation of the NSW Institute of Sport in preparation for the 2032 Olympic Games.
  • $73.4 million to establish Keeping Places at the sites of former children’s homes to support reconciliation with Stolen Generation survivors.
  • $18.5 million for Sound NSW, delivering on an election commitment to provide programs that drive audience and international market development, strengthen the live music ecosystem and champion NSW artists and stories.
  • $10 million to continue gambling harm minimisation programs.
  • $8.8 million for critical upgrades at major cultural institutions including the Sydney Opera House, State Library of NSW, Sydney Observatory, Powerhouse and Australian Museum.
  • $1.5 million to strategically investigate the settlement of Aboriginal Land claims.

 

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