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NSW budget – live blog

NSW Premier Barry O'Farrell
NSW Premier Barry O'Farrell Trevor Veale

NSW Treasurer Mike Baird delivered his second budget today that included public service job cuts but more spending on police, teachers and nurses.

Mr Baird labeled the budget Building the State with a focus on the housing sector including boosts to home owner grants and increasing funding for the planning process to open up more land for housing.

The Tweed missed out on any new major infrastructure announcements but the Banora Point Upgrade received $7 million and the Kirkwood Rd upgrade received $2.9 million from this year's budget.

Tweed MP Geoff Provest said the region had fared well from what was always going to be a difficult state budget.

"The NSW Government is facing collapsing GST revenues and Pacific Highway funding cuts from Canberra, but the Tweed has certainly not missed out," Mr Provest said.

"That means more desperately-needed Tweed jobs," Mr Provest said.

Mr Provest said the government had also allocated $2.9 million for the new Pacific Highway Kirkwood Road interchange and $218,000 cycleway on Kennedy Drive in Tweed Heads.

14:01PMRecord $18 billion to health with a $1billion increase in funding in 2012/13.
13:58PM Straight from the horse’s mouth see Mike Baird’s budget speech transcript.
13:13PM The government’s wage expenses to reduce by 1.2% a year. Treasurer Mike Baird said casual and part-time employees will contribute to the cut.
13:08PMThe NSW government is doubling the First Home Owner Grant to $15,000 from1 October 2012.
13:04PM Process up to 255 major development projects that have the potential to deliver an additional 100,000 jobs in NSW the government says.
12:54PM Kingscliff Police Station received $4 million in funding.
12:54PMThe Tweed received a total of $1.2 million from the Department of Families and Community Services.
12:53PMKingscliff TAFE received $362,000 for refurbishment.
12:51PM Banora Point Upgrade receives another $7 million out of the 2012/13 NSW Budget.
12:50PMHealth One project at Pottsville receives $1.4millon
12:50PM $300,000 to upgrade the Tweed courthouse
12:35PM The NSW Government is introducing a new home grant of $5000.
12:25PM 400 new police by June 2014.
12:25PM Funding provided for six new schools.
12:25PM 22% increase in maintenance funding for NSW schools.
12:22PM “The NSW Government remains committed to delivering sustainable Budget surpluses in the future, but the reality is that the GST downturn and Canberra’s accounting moves has resulted in a deficit in 2012-13 of $824 million,” Mike Baird said.
12:21PM“We must clear the gridlock and get building,” Mike Baird said.
12:17PM $3.3 billion for Sydney’s north-west rail link over 4 years.
12:15PM “Speeding fines will be brought into line with other states,’ Mike Baird said.
12:13PM “This budget has many difficult, tough decisions” Mike Baird said.
12:00PM The Green NSW MP John Kaye said the signs were that the O'Farrell government was about to take a leaf out of Victorian Premier Ted Baillieu's playbook that cut another $290 million out of the TAFE budget.
11:00AM Job cuts are expected as part of the budget and in a few hours we will find out how deep.
10:30AM The next phase of funding is expected for the redevelopment of the Kingscliff Police Station
The NSW Treasury said the state has lost $5 billion in GST revenue because of reduced spending and low consumer confidence.
NSW Treasurer Mike Baird said yesterday about the 2012-13 Budget: "It's about a government that lives within its means.  Just like businesses and households across the state are doing, NSW will do exactly the same."
The Tweed has missed out on $30 million in funding for a western interchange of the Pacific Hwy at Kirkwood Rd.
The Tweed/Byron Area Command is expected to get a boost from this year's budget including water police.

Topics:  mike baird



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