The Victorian Labor government’s final budget before the November state election is strong on spending — for health, education and public transport, but unfortunately also for toll roads and law and order.
The Victorian budget, presented by Treasurer Tim Pallas on April 27, is in surplus, due largely to a big increase in stamp duty revenue, to a record $6 billion a year.
This revenue is a result of Melbourne's real estate boom. House prices have been rising rapidly. But the number of homeless people has also been rising rapidly. There has been a marked increase in the number of homeless people begging on the streets.