Wednesday 22 June 2022

Hunter projects shorted in cash splash and coal royalties, MPs say

BY DAKOTA TAIT

Hunter MPs have raised concern, the region's lost out when it comes to getting its fair share in the state's latest budget.

Treasurer Matt Kean handed down the spending figures on Tuesday afternoon, with big spending across the state amid an income of $810 million in coal royalties.

While NSW is still seeing a budget shortfall, there's backlash not enough of the mining money is being returned to the Hunter and the regions.

Both Newcastle MP Tim Crakanthorp and Swansea MP Yasmin Catley have been left disappointed by the lack of investment in new housing stock across the electorates.

"This government loves to sell off three and four bedroom properties in ‘desirable’ suburbs, then use that money to build apartment blocks of one and two bedrooms on  cheaper land," Mr Crakanthorp said.

"These are usually away from the services and public transport connections that tenants need, however, and also see a net decrease in available bedrooms."

Hopes for a funding commitment on the possibility of a freight corridor from Fassifern to Hexham or a container terminal in Newcastle were also dashed.

Image credit: www.regional.nsw.gov.au