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The magnitude of South Australia’s budget crisis has been laid bare with Treasury officials revealing a multi-billion dollar GST collapse since Rob Lucas’s December economic statement, coupled with a $350 million spending blowout.
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Rob Lucas’s razor-thin budget surplus has been effectively wiped out by a fresh writedown in GST revenues, with this morning’s federal update slashing the state’s receipts by $136 million in the current financial year.
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Here’s our guide to the key measures in the State Budget – including big new spending and taxation initiatives – that could affect your business.
Outraged Adelaide councils say they will tell residents to blame the Marshall Government for rates being raised by up to an additional 1 per cent just to cover the “stealth attack” hike to the solid waste levy announced in yesterday’s State Budget.
Boom gates and level crossings at two notorious Adelaide traffic stoppers will be removed under a $400 million funding announcement ahead of tomorrow’s State Budget.
EXCLUSIVE | Treasurer Rob Lucas is considering a one-off, substantial leap in State Government fees, charges and fines, in an attempt to fill a budget black hole caused by a drop in GST receipts.
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Notes on Adelaide
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