{"id":120570,"date":"2026-05-14T22:16:46","date_gmt":"2026-05-14T12:16:46","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/news\/coalition-target-debt-tax-in-state-budget-reply\/"},"modified":"2026-05-15T13:44:56","modified_gmt":"2026-05-15T03:44:56","slug":"coalition-target-debt-tax-in-state-budget-reply","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/news\/coalition-target-debt-tax-in-state-budget-reply\/","title":{"rendered":"Coalition target debt, tax in state budget reply"},"content":{"rendered":"

The Liberals and Nationals have outlined their pitch to Victorians ahead of the state election, with opposition leader Jess Wilson<\/a> saying “respect for taxpayers” was at the heart of the coalition’s strategy.<\/p>\n

Wilson officially responded to Labor’s 2026\u201327 budget<\/a> on Tuesday this week.<\/p>\n

Under the coalition’s 10-year economic plan, Victoria will achieve a cash surplus within six years.<\/p>\n

Speaking in Parliament, Wilson described it as “a plan to restore confidence, reduce debt and build a stronger economy”.<\/p>\n

If they form government, the coalition will prioritise frontline workers and freeze the hiring of back-office roles.<\/p>\n

An extra 3,000 police will be recruited and more than 40 police stations closed or operating under reduced hours will be reopened.<\/p>\n

Wilson said it was “time for an honest and frank conversation” about the size of Victoria\u2019s public service.<\/p>\n

There are several tax measures, including improving household affordability by progressively increasing the land tax threshold to $300,000, increasing the payroll tax threshold to $1.2 million by 2028\u201329, and reducing the metropolitan payroll tax rate to 4.8 per cent from 2030\u201331.<\/p>\n

“This tax reform will make it cheaper for businesses to create jobs. It will increase economic growth, which will make debt reduction easier,” Wilson said.<\/p>\n

On governance, the coaltion will establish a charter of budget honesty and real-time expenditure tracker, a royal commission into the Big Build and a new construction sector watchdog.<\/p>\n

“At the heart of the Liberal and Nationals strategy is respect for taxpayers, because when governments lose respect for money, they lose respect for the people who earn it,” Wilson said.<\/p>\n

The new policies will be funded by scrapping Treaty \u2013 estimated to save $1 billion \u2013 removing the Emergency Services and Volunteer Fund, repealing taxes on schools, visits to the GP and short-stay accommodation, and lifting the stamp duty free-threshold to $1 million for first home buyers.<\/p>\n

The coalition has also previously announced it intends to pause and review the Suburban Rail Loop<\/a>, which has an estimated first stage cost of $34.5 billion, if it forms government.<\/p>\n

Wilson said a coalition government would be honest about what was achievable.<\/p>\n

“We will not sugar-coat the state\u2019s financial position, because Victorians deserve honesty,” she said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Liberals and Nationals have outlined their pitch to Victorians ahead of the state election, with opposition leader Jess Wilson saying “respect for taxpayers” was at the heart of the coalition’s strategy. Wilson officially responded to Labor’s 2026\u201327 budget on Tuesday this week. Under the coalition’s 10-year economic plan, Victoria will achieve a cash surplus […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":142,"featured_media":120571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-120570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nCoalition target debt, tax in state budget reply - Bellarine Times<\/title>\n<meta name=\"description\" content=\"Coalition unveils 10-year plan to cut debt, boost police numbers and reform taxes ahead of Victoria\u2019s state election.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/news\/coalition-target-debt-tax-in-state-budget-reply\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coalition target debt, tax in state budget reply - 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