Hills to Hawkesbury Living Magazine - - POlitical News -

The NSW Gov­ern­ment is de­liv­er­ing the ben­e­fits of its strong fi­nan­cial man­age­ment to fam­i­lies and in­di­vid­u­als across the State, with cost of liv­ing re­lief, un­prece­dented school in­vest­ment and record hos­pi­tal fund­ing among cen­tre­pieces of the 2018-19 NSW Bud­get. A sur­plus of $3.9 bil­lion is pro­jected for 2017-18, with av­er­age sur­pluses of $1.6 bil­lion over the four years to 2021-22. The value of NSW pub­lic net as­sets – is set to reach a quar­ter of a tril­lion dol­lars by the end of June 2018, a year ear­lier than fore­cast. This year’s Bud­get de­liv­ers the ben­e­fits of our strong fi­nan­cial man­age­ment to the peo­ple of NSW. We are eas­ing the pres­sure on fam­i­lies, and build­ing the schools, hos­pi­tals and trans­port con­nec­tions to sup­port com­mu­ni­ties into the fu­ture. The Bud­get also fo­cuses on giv­ing young peo­ple the best start in life, with more health sup­port for new­borns and their moth­ers, in­vest­ing $197.8 mil­lion to ex­tend sup­port for preschool ed­u­ca­tion to three year olds, and the new op­tional NSW Baby Bun­dle, packed with prac­ti­cal items to sup­port new par­ents when they head home from hos­pi­tal with their new­born. The Bud­get also gives ap­pren­tices vi­tal sup­port – and makes a sig­nif­i­cant in­vest­ment in the skilled work­force of to­mor­row – fund­ing 100,000 free ap­pren­tice­ships in high-de­mand in­dus­tries. The Bud­get does more to make NSW the best place to do busi­ness – and con­tinue the boom that has cre­ated 500,000 new jobs in NSW since 2011 – with a path­way to pro­gres­sively lift the pay­roll tax thresh­old from $750,000 to $1 mil­lion in 2021-22. To lay the foun­da­tions for strong, vi­brant com­mu­ni­ties to­day and into the fu­ture, the Bud­get builds fur­ther on last year’s un­prece­dented in­fra­struc­ture pro­gram, with a new record $87.2 bil­lion pipe­line over four years. To sup­port bet­ter ed­u­ca­tion out­comes, a $6 bil­lion in­vest­ment over four years will fund more than 170 new and up­graded schools, and a $500 mil­lion com­mit­ment over five years to de­liver air con­di­tion­ing so stu­dents and teach­ers can beat the heat.

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