After a year “defined by anxiety and fear,” Treasurer Tim Pallas has spent money in the Victorian budget 2021-22 and paved the way for the state to emerge from the devastating consequences of the COVID-pandemic. 19.
The focus is on jobs, with Pallas saying the idea for his seventh budget was simple: “Every dollar gets more Victorians back to work.”
While claiming that the Victorian government ticked off its top priority in the state’s stimulus package with the creation of 200,000 jobs, he said the next step was to bring the state back to an operating cash surplus by 2022-2023.
In 2021-22, Victoria will be operating with a deficit of $ 11.6 billion, but Mr Pallas predicts that amount will be reduced to around $ 2 billion in four years.
Here’s what’s there for you.
IF YOU ARE PARENTS OF YOUNG CHILDREN
This year’s budget will see the introduction of kindergarten for every three-year-old, which will first be rolled out in the Victoria area. The state will offer at least 500 hours per week starting next year, which will be extended to provide 15 hours per week for families by 2029. This will also create around 6,000 roles for teachers and early childhood educators. .
IF YOU TAKE A TRAIN
This year’s budget provides $ 242 million for transport services in South Melbourne. The funding will be used to separate the Cranbourne-Pakenham and Frankston lines at Caulfield, allowing more trains and more frequent services, and will create approximately 600 jobs during construction. An additional $ 986 million will build 25 new X’Trapolos 2.0 trains, supporting the phasing out of current fleets on the line.
The trains will be built in Victoria’s Ballarat area, creating around 750 manufacturing jobs.
IF YOU WANT CHILDREN
The state government believes that people “deserve the choice to have children without paying excessive fees for private IVF services” and will provide 4,000 patients each year with access to public fertility care.
This is part of the Victorian government’s previous $ 70 million pledge.
IF YOU ARE A FIRST-TIME HOME BUYER
The Victorian government will give much-needed tax cuts to first-time buyers trying to break into the real estate market.
Many new home buyers will pay less stamp duty, as home buyers buying on the plan will be able to save money with a stamp duty concession that will temporarily increase to $ 1 million. The increased threshold will apply to contracts concluded from July 1, 2021 to June 30, 2023.
For new residential properties with a value of up to $ 1 million unsold for less than 12 months, a new 50% concession will apply to contracts entered into from July 1, 2021 to June 30, 2022.
Victorians who purchase a new residential property worth up to $ 1 million in the Melbourne local government area will get a concession of up to 100% on stamp duty if the property has been unsold for more than 12 months.
IF YOU ARE LOOKING FOR A NEW SCHOOL
The government has allocated about $ 1.6 billion this year to build 13 new schools and upgrade 52 schools across the state.
IF YOU ARE A VICTIM OF DOMESTIC VIOLENCE
Rates of domestic violence have skyrocketed during the COVID-19 pandemic, with a royal commission making 227 recommendations to help victims.
Budget 2021-2022 will provide $ 354 million to support survivors of domestic violence, along with the pledge to implement all 227 Royal Commission recommendations.
IF YOU ARE FIGHTING MENTAL HEALTH
The COVID-19 pandemic has brought Victoria’s cracked mental health system to light, with the state government promising to build the system “from scratch” with a record $ 3.8 billion.
The government will however introduce a new mental health and wellness tax, to protect the dedicated revenue stream.
It will apply to large companies with more than $ 10 million in national wages, or less than 5 percent of employers.
IF YOU ARE CONCERNED ABOUT COVID
The state government has taken a cautious approach, taking into account the possibility of future pandemics. It has committed $ 1.3 billion for contact tracing and a $ 50 million investment to establish an mRNA vaccine and therapeutic manufacturing capabilities in the heart of Melbourne.
IF YOU ARE A HEALTH WORKER
Frontline health workers will receive much needed help with $ 7.1 billion injected into hospitals and healthcare in Victoria.
The state government will also provide $ 3.7 billion to fund more emergency service personnel, paramedics and support for new services.
There will also be 200,000 additional student placement days.
IF YOU ARE A VULNERABLE FAMILY
The State allocates $ 1.2 billion to the protection of children and the cohesion of vulnerable families. The investment will provide 246 new child protection practitioners, support more caregivers and bring family services to schools, early childhood education and community health centers to identify families at risk early. . About 1,000 jobs will be created.
IF YOU ARE IN THE EDUCATION SECTOR
The government has allocated $ 3.5 billion for education, including $ 148.2 million to establish the Victorian Academy of Teaching and Leadership to professionally develop teachers.
The budget will also invest $ 277 million for student mental health in Victorian schools.
IF YOU ARE IN THE TOURISM SECTOR
A commitment of $ 55 million will be used to ârebuildâ Victoria’s brand and encourage more visitors to the state.
IF YOU ARE NATIVE
The budget allocated money to Indigenous peoples in the state, with a focus on bringing about change through truth, healing and justice.
The record investment of $ 488 million will support self-determination, education, housing and health support projects and improve outcomes for Indigenous people.
Approximately $ 116 million will support Indigenous mental health and wellness, and approximately $ 21 million will support the implementation of the National Accord on Closing the Gap.
IF YOU ARE A WOMEN’S FOOTBALL FAN
The state government has pledged a new, state-of-the-art home for Australia’s national women’s football team, the Matildas, at LaTrobe University in north Melbourne, committing $ 101.1 million to the project.
IF YOU ARE A NEW GENERATION SPORT STAR
The Victorian government is backing aspiring sports stars, pledging $ 24.5 million for the Victorian Institute of Sport.
IF YOU ARE AN INTERNATIONAL STUDENT
The state government will undertake to recover the higher education sector damaged by COVID-19 and international students unable to enter the country.
A total of $ 50.9 million will expand Melbourne’s global education network and offshore study centers, promoting Victoria as a study destination in regions such as Southeast Asia. Southeast, Latin America and Africa.
IF YOU HAVE BEEN PUNCHED BY THE BUSES
Victorian communities ravaged by the fires of the summer of 2019-2020 barely had time to recover economically as the pandemic struck soon after.
The $ 55 million assistance will aim to attract more tourists to these communities by strengthening the marketing and engagement of the Visit Victoria destination.
IF YOU ARE WORRIED ABOUT DEATH FROM CBD
A massive commitment of $ 107.4 million will bring Melbourne’s central business district back to life, creating renewed urban spaces and stimulating artistic and cultural events.
IF YOU LIKE THE OUTDOOR DINING ROOM
The European-style al fresco dining at stake amid the COVID-19 pandemic is here to stay with $ 107.4 million earmarked to help hotel businesses expand their ‘parklet’ alfresco dining facilities.
An investment of $ 7.4 million is also on the table, with the money needed for a new food voucher program to entice people to dine at Melbourne restaurants.
IF YOU LIVE IN THE VICTORIA AREA
A massive $ 3.7 billion will be used to strengthen the state’s regional economy, including a wide range of initiatives in schools, hospitals, roads and railways.
The Victoria Rural Women’s Network also received an increase of $ 1.4 million.
IF YOU ARE A FARMER
The budget took into account the plight of Victorian farmers struggling with drought, devastating bushfires and the COVID-19 pandemic.
They will be supported by an investment of $ 5.8 million in the Rural Financial Advisory Service.
IF YOU ARE CONCERNED ABOUT CLIMATE CHANGE
The state government will invest $ 19.9 million to accelerate the agricultural sector’s response to climate change. It will aim to make farms more âsustainableâ and fund research to understand how climate change affects food production.
IF YOU ARE IN THE CREATIVE SECTOR
An investment of $ 288 million will help Victoria’s creative economy rebound after a devastating year.
IF YOU ARE AN OLDER
The budget pledged $ 6 million to upgrade Melbourne’s Shrine of Remembrance – the landmark where thousands of people gather each year to honor Anzac Day.
IF YOU ARE IN THE JUSTICE SYSTEM
The budget will provide $ 700 million to expand the family violence court network, create new online services and create a fast-track model for victims of wage theft.
Courts in Victoria will receive more than $ 210 million to tackle a backlog in cases resulting from the COVID-19 pandemic.
IF YOU LIVE IN OLD CARE
The state government will invest $ 65 million to redevelop Glenview Nursing Home in Rutherglen and complete planning for the redevelopment of public elderly care facilities in Camperdown and Cohuna.
ACCOMPANIMENT OF DISABILITY
A $ 1.7 million disability advocacy increase will provide support to Victorians navigating the national disability insurance plan.