Capital Works Program for 2008-09 of $7.6 billion, including:
- $1.2 billion on electricity infrastructure to meet the needs of our rapidly growing economy, including commencement of over 500km of new transmission lines;
- $1.1 billion on water infrastructure, including commencement of the $955 million Southern Seawater Desalination Plant;
$810 million on roads;
- $502 million on hospitals and other health facilities;
- $377 million on ports to expand export capacity; and
- $347 million on schools and TAFE colleges.
$26.1 billion Capital Works Program over the next four years, including:
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New major stadium at Kitchener Park;
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New museum on the former East Perth power station site; and
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Perth Waterfront development.
Tax Cuts – Fifth Year In A Row
- Building on previous rounds of tax relief, the 2008 09 State Budget provides tax cuts of $1.2 billion over the next four years.
- Stamp duty on the purchase of a median-priced house cut by 15% or nearly $3,000 from 1 July 2008, to assist housing affordability.
- Further land tax relief and payroll tax reform, and a bring-forward of the motor vehicle stamp duty cut announced in last year’s budget (to 1 July 2008).
For a full budget overview, click here.
