Victorian treasurer expands taxes to drive down state debt

Victorian households, businesses to cop $2.5b more in taxes to drive down debt

Households and businesses in Melbourne will bear the brunt of Victorian Treasurer Tim Pallas' latest efforts to get the state budget out of the red.Despite insisting that the books look good and the state's economic future is secure, Pallas' mid-year update revealed a worsening deficit from $2.2 billion to $3.6 billion in 2024-25.Debt is still tracking to pass $187 billion in 2027-28. READ MORE: Father of two sentenced after cleaning up allege…

Victorian treasurer expands taxes to drive down state debt

Households and inner city businesses will bear the brunt of the treasurer's latest efforts to get the Victorian budget out of the red.

Victoria unveils bigger deficit, tempers debt forecast

Victoria's treasurer has published a budget update revealing a projected deficit of $3.6 billion.

Victorians to be charged extra for emergency services, city parking, EV rego

In its latest budget update, the Victorian government has announced it will increase the levy for emergency services paid by all ratepayers as well as other tax hikes.

Fire services levy to double, congestion charge expanded as state deficit grows by $1.4b

A hike in the fire services levy will pay for other emergency services and parking will cost more across the inner east as a budget update reveals Victoria’s deficit continues to climb.

Labor’s Pre-Christmas Tax Hike: Victorians Hit with Massive Levy Increases Amid Cost-of-Living Crisis

Labor announces huge tax hikes, doubling fire services levy and increasing parking fees in Melbourne, just before Christmas and during a cost-of-living crisis, sparking backlash over economic mismanagement.