Member for Penrith Stuart Ayres said residents across Penrith will benefit from a wide range of measures delivered in the state budget set to deliver cost of living relief, unprecedented school investment and record hospital funding.
With a surplus of $3.9 billion projected for 2017-18, the State’s net worth – the value of NSW public net assets – is set to reach $250 billion by the end of June 2018, a year earlier than forecast.
Treasurer Dominic Perrottet said: “This Budget showcases the rock-solid financial foundation our Government has built, and that makes it possible to put people first.
“We have kept expenses under control, pursued bold reform, and made better use of our resources. That’s why this Budget can keep building for the future on a record scale, while offering more help for families working hard to get ahead.”
Today’s statewide Budget continues record levels of investment in infrastructure like hospitals, schools, roads and public transport and lays the foundations for communities across Penrith to flourish.
“This budget is seeing massive capital investments in our local schools and Nepean Hospital and includes funding boosts to arterial roads like Northern and Mulgoa roads as our community grows,” Mr Ayres said.
“This budget demonstrates that Penrith truly does benefit from strong economic management. After being forgotten by Labor for years, the Liberal Government continues to ensure Penrith will prosper.
Penrith is set to benefit from:
· Funding to start building the new Primary School at Jordan Springs
- Upgrades to Penrith Public School and Kingswood High School as part of the $6 billion investment over the next four years.
- Funding to build a new Environmental Education Centre at Penrith Lakes
- Funding to continue the $550 million Stage One of the $1 billion Nepean Hospital redevelopment including $70 million for the Hospital and Integrated Ambulatory Services Redevelopment and $24 million to continue building the new carpark
- Funding to continue planning Stage Two of the Hospital redevelopment
- $10.5 million to plan the widening of Mulgoa Road to the M4
- $19 million to start the Jane Street Mulgoa Road upgrade
- Funding to continue building the Northern Road upgrade
- Millions for new intercity train services
- Transport Access Upgrades for Kingswood and Glenbrook Train Stations
“Young people in Penrith will be given the best start in life, with more health support for newborns and their mothers and $197.8 million to extend support for preschool education to three year olds to subsidise early learning.
“We’re also slashing caravan registration by 40 per cent, delivering savings of up to $471 for families and grey nomads.
“Penrith families will benefit from cost of living measures from 1 January 2019 with the Creative Kids Rebate to save families $100 per school child to help meet the cost of creative extra-curricular activities.
“This is a massive saving on top of the thousands of families across Penrith who have benefitted from the Active Kids rebate.
“This budget shows what good leadership and economic management can deliver as well as setting up NSW and Penrith for the future.”