``THIS budget is about investment in jobs and better frontline services for working families in the Hawkesbury,'' Labor MP Peter Primrose said, trumpeting Treasurer Eric Roozendaal's latest offering.
The so-called duty MLC for Hawkesbury listed a raft of gains released by Mr Roozendaal to lukewarm applause last week:
Some $22.4 million for road upgrades and traffic management, including $5 million for resurfacing works on Wisemans Ferry and Sackville Ferry roads;
$775,254 for community transport servicing Hawkesbury and surrounding areas;
$540,000 for upgrades to local schools under the Principals' Priority Building Program; and
$120,000 towards funds for building upgrades and new trucks at the Hawkesbury SES unit.
Capital works will also be undertaken to establish a HealthOne NSW service at Rouse Hill as part of a $12.6m state-wide enhancement.
But Hawkesbury MP Ray Williams was unimpressed, calling the Government ``failed economic managers''.
He said: ``It's the worst state budget deficit ever delivered by a government for NSW and offers nothing for the necessary infrastructure for growing suburbs across the Hawkesbury.''
Mr Roozendaal described his budget as a ``beacon of hope''. But it offered no hope for the transport-starved residents of The Hills as the Government pushes ahead with an unwanted $5.3 billion City Metro to nowhere instead of fast-tracking rail to the burgeoning north-west.
The budget the first since Mr Roozendaal's disastrous November mini-budget contains very optimistic assumptions about asset sales and the early repayment of a $1.34 billion deficit for 2008-09. He forecasts a surplus of $86 million by 2011-21, a figure greeted with cynicism by many commentators.
It predicts unemployment growing to 8.5 per cent over the next two years, up almost 4 per cent on 2007.
The only real surprise after all the recent leaks was the halving of stamp duty for investors buying new houses worth less than $600,0000, for six months only. This will save an estimated 10,000 people about $11,245 each.
It's a ``sexy'' program costing $64 million but unlikely to provide a major boost to the housing slump. However, it is is clever politics
and no doubt helped lift the state's credit rating by Standard and Poor's from AAA negative to
AAA stable.
Mr Williams said Victoria managed to deliver a surplus budget in this current economic environment. ``The dire situation across NSW is a direct result of the failed economic management of state Labor.''
While the Government announced with fanfare it is cutting stamp duty, it's already taking an additional $17,000 per new home through the state infrastructure levies, so
home buyers will actually be $6000 worse off.
``Cutting taxes makes good sense, but the burden of the state infrastructure levy is the greatest impediment to commencing new home construction and should have been scrapped.''