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State Budget: housing, health and $20 million pumped into startups

Treasurer Stephen Mullighan is ruling out further one-off power bill payment sweeteners in the State Budget with today’s centrepiece announcement switching to new housing – another $20 million going to the state’s Research and Innovation Fund supporting startups and entrepreneurs in driving the economy. Read InDaily’s State Budget special edition this afternoon.

Jun 15, 2023, updated Jan 30, 2024
New funding will boost startups like those based at Lot Fourteen.

New funding will boost startups like those based at Lot Fourteen.

The funding will keep the innovative program pumping more dollars into pushing startups, entrepreneurs and businesses along with $5 million on offer each year for another four years.

But today’s budget will focus on health and housing, the Treasurer ignoring Opposition calls for the $250 household power bill rebate being delivered to 420,000 SA households to be extended as families are “forced to find an extra $20,000 a year to cover everyday living expenses”.

“We’ve made it clear we prioritise health and those people most in need in the community but that doesn’t mean there won’t be other measures to help other groups,” Mullighan said about cost-of-living announcements in addition to the $172 million already committed to power bill relief in today’s budget.

He added that there will be a “comprehensive housing package” and “what we will see is how we have broadened our housing plan… we are looking for a range of different ways that we can provide support for the community”.

South Australians will see power bills rise on July 1 with Origin flagging the average price increase will be $405 (24.2 per cent) for residential and $1,133 (27.3 per cent) for small business and $565 (29.8 per cent) for AGL per year.

The Federal Government has extended a gas price cap until mid-2025, Mullighan saying the pressure remained to continue this kind of work to tackle rising power prices nationally.

A range of budget announcements have been drip-fed over the past month, including a decision to extend the $100 per student school materials and services discount for 120,000 children in the public school system for the third year.

This time last year: Premier Peter Malinauskas and Treasurer Stephen Mullighan delivering the 2022-23 state budget. Photo: Tony Lewis/InDaily

The Law Society of South Australia hoped it would hear today that there will also be more support to protect the state’s most vulnerable including greater investment in programs to help children transition out of state care and to enable those on or below the poverty line to access legal representation.

Its budget submission said it “is clear more needs to be done to provide early intervention and prevention support for at-risk children”.

Plus, it wanted increased and sustained funding for the Women’s Safety Service, Women’s Legal Service, Family Violence Legal Service Aboriginal Corporation and other service providers who support survivors of domestic violence.

While Business SA chief executive officer Andrew Kay said his industry group submitted budget recommendations to help bolster business confidence in South Australia.

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Business SA said in a statement that early budget leaks had predominantly addressed health, housing, police, child protection, education and increased investment in the new Adelaide Aquatic Centre, now it “eagerly awaits the announcement of measures specifically benefiting local businesses”.

“Our recommendations focused on critical areas such as payroll tax, energy efficiency, AUKUS preparation, migration, skills development, workplace health and safety, and the global promotion of South Australia,” Kay said.

The government has already announced it is opening an Office for AUKUS to support the building of nuclear-powered submarines at Osborne.

While the Local Government Association has been lobbying for an around $16 million funding shortfall for public libraries reinstated with its existing funding agreement failing to account for rising costs.

It also wants a separate $1 million funding allocation to support digital inclusion programs.

The State Government also previously announced funding of $7 million in 2023-24 increasing to $24.6 million per annum (indexed) from 2024-25 for the recruitment of an additional 189 sworn Police Security Officers.

And on the weekend announced an additional $55 million to build the new Adelaide Aquatic Centre in North Adelaide which will take the total project cost to $135 million over three years.

Water slides, splash zones and lawned recreation spaces will form part of an extensive indoor and outdoor all-ages play area in the new centre, following scoping work and consultation with users, sporting groups and local residents.

InDaily will deliver a special State Budget edition delivering an overview of winners and losers later today.

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