Matt Kean MP Reports: Last week’s state Budget will continue record levels of investment in infrastructure like hospitals, schools, roads and public transport, laying the foundations for communities across Hornsby and NSW.
The NSW Budget 2017-18 shows New South Wales is expected to record a surplus of $4.5 billion in 2016-17, with a surplus of $2.7 billion forecast for 2017-18 and average surpluses of $2.0 billion forecast over the four years to 2020-21.New South Wales continues to have negative net debt, with net debt projected to be negative $7.8 billion at June 2017 – by far the lowest level on record – and forecast to remain lower than any other mainland state as a share of GSP.
The Government is continuing with record levels of investment in infrastructure, with $72.7 billion committed over four years in this Budget. Included in the budget is $20 million provided for Stage two of Hornsby Hospital redevelopment, $7.2 million finish to stage one of Hospital redevelopment and $3.9 Hospital’s carpark construction.Hornsby has also been awarded major road funding with $8.2 million set aside for the road transfer of spoil to the Hornsby Quarry and $1.2 million to continue construction of the NorthConnex Motorway.
Brooklyn residents can also look forward to a $245,000 upgrade for boating infrastructure and the development of a Brooklyn Waterfront Masterplan. Record levels of transport and road investment will be maintained – totalling $41.4 billion over four years – getting commuters home faster to spend more time with their families.
The Treasurer’s Budget Speech can be found at: www.budget.nsw.gov.au.Horn
