Labor has lost track of almost $2.6 billion dollars after bungling its Parliamentary Budget Office (PBO) costings, promising to fund billions in commitments from WestInvest and Restart without cancelling any currently allocated projects.
Labor has flagged taking $3.8 billion from WestInvest by raiding from the state government allocation despite the total for the government round only totalling $2.9 billion.
The NSW government round is already allocated to 27 announced projects, which Labor will cancel, including air conditioning in 84 schools, a new mega parkland at Fernhill Estate, road upgrades at Henry Lawson Drive, Richmond Road, Elizabeth Drive and Pitt Town bypass, health hubs in Liverpool and Glenfield, a PCYC flagship youth hub in Parramatta and school upgrades at Leppington Public, Austral Public, Rouse Hill High and Schofields Public.
To make up the nearly $982 million shortfall, Labor would have to borrow more money, deepening the existing Labor wages budget black hole of $8.6 billion, or cancel even more projects in the community or local government rounds of WestInvest.
NSW Treasurer Matt Kean said opposition treasury spokesman Daniel Mookhey, a former union official, could not be trusted with the NSW Budget.
“This is economic amateur hour from Labor. They are promising things they clearly have no intention of delivering, or worse, they have simply no idea what they will or won’t be able to fund in the community,” Mr Kean said.
“If the people of NSW needed proof that Labor cannot run the Budget – let alone our $770 billion economy – then the PBO statement makes it clear that Labor cannot be trusted to deliver what communities have worked hard to secure, let alone track and fund their own promises.
“WestInvest is already fully allocated and announced, with 231 transformational projects across 15 council areas fully funded and progressing.”
Mr Kean said local community groups, councils and agencies have begun preparing and delivering everything from local pools to preschools, all of which have been independently assessed by the WestInvest Steering Committee.
“Labor has seen these local projects as a sitting duck and staged the biggest cash-grab of the election, using $3.8 billion in funds set aside for western Sydney communities as their election slush-fund,” Mr Kean said.
“Every community in Western Sydney deserves to know what local projects they will drain of resources and cut from the program to throw at their candidates and pet projects.
“Labor has then gone on to claim that they won’t touch the local government or community rounds. If that is the case, then they will need to top up WestInvest by almost $1 billion to cover the shortfall for their $3.8 billion WestInvest raid.
“Clearly they will have to borrow money to top up the fund or they will have to cut community and council projects from WestInvest.
“Once again, they need to come clean with the public – will they simply lie now and cut later, or lie now and borrow later?”
Labor has also double-dipped into the regional funding source, Restart, claiming projects funded from the reservation have nil impact when in fact they will appear on the balance sheet.
“Restart is a not a free bucket of cash. They have siphoned $1.6 billion out of Restart and claimed it will have no financial impact, but every funding decision made against Restart must be accounted for in the budget,” Mr Kean said.
“This is yet more unfunded commitments from Labor to add to their unfunded wages blow-out and billions in undercooked commitments for health, firefighters and education.”
WestInvest projects to be cancelled by Labor
1. Integrated Community Health Hubs-South Western Sydney (Liverpool and Glenfield)
2. Australian Botanic Garden Mount Annan Masterplan Stage 1
3. Fernhill Estate Transformation
4. The People’s Loop, the Bridges of Parramatta Park and Wisteria Gardens
5. Air Quality Program in Schools (84 schools across WestInvest LGAs)
6. Western Sydney Stadium precinct Community based asset
7. PMC Salt Pan Creek Parklands
8. Transforming Parramatta’s Roxy Theatre
9. Penrith Lakes Parkland
10. Richmond Road at Marsden Park
11. Richmond Road M7
12. Box Hill (Terry Road) new school
13. Henry Lawson Drive Stage 1B
14. Westmead Education Campus upgrade
15. Condell Park High School Upgrade
16. Schofields Public School Upgrade
17. Sir Joseph Banks High School Upgrade
18. Riverbank Public School Upgrade – Stage 3
19. Rouse Hill High School Upgrade
20. Leppington Public School Upgrade
21. Austral Public School Upgrade
22. Parramatta East Public School Upgrade
23. Telopea Public School Upgrade
24. Pitt Town Bypass
25. Garfield Road East
26. Elizabeth Drive Upgrade
27. Londonderry Business Case
Local Government projects at risk of being cut by Labor
28. Quality Green and Open Spaces in Blacktown LGA
29. Revitalisation of Mount Druitt Hub
30. Local Traffic Programs in Blacktown LGA
31. Community Park refurbishment at Ashley Brown Reserve North
32. Community Infrastructure in the Blacktown Local Government Area
33. Reserve Embellishment – Tallawong Reserve and Rosenthal Park
34. Leura Cascades Recreation Precinct Upgrade – Stage 2
35. Lomatis Park Clubhouse and Amenities Upgrade
36. Wentworth Falls Dam and Lake Recreational Precinct Upgrade – Stage 2
37. Development of the Grand Cliff Top Walk- a world class iconic multi-day bushwalking experience
38. Active Transport Links
39. Strathfield Place Making Project
40. Burwood Library Pod
41. Burwood Main Street Transformation Project
42. Woodstock Park Sensory Garden Project
43. Burwood Park Inclusive Play Space
44. Deane Street Precinct Transformation
45. Henley Park Sports Field Upgrade Project
46. Park Expansions – Portland and Russell Street creation of quality new green open space
47. Cut Hill Reserve Sports Field Redevelopment
48. Camden Animal Shelter & Community Education Hub
49. Glenfield Urban Bike Park
50. Simmos Beach Parklands – Activating the Upper Georges River
51. Town Centre Beautification and Public Art – Glenfield Town Centre
52. Kanbyugal Parklands – Mountain Bike Park
53. Macarthur Recreation Trail – Australian Botanic Garden, Mt Annan to Campbelltown Station
54. Hurley Park – Early stories of Campbelltown’s Resilience
55. Connected Campbelltown – A network of shared use pathway links and circuits
56. Leumeah Youth Precinct
57. Outdoor Fitness Facilities Program – For a Fitter Healthier Campbelltown
58. Campbelltown City Centre Transformation project
59. St Helens Park Youth Space
60. Revitalising Campsie Civic Precinct
61. Roberts Park Community Hub
62. Local Traffic Program
63. Wran District Park
64. Panania Library and Knowledge Centre
65. Belmore and Lakemba Town Centre Renewal
66. Lidcombe Town Centre High Street Activation
67. Guildford Pool Modernisation
68. Civic Park Pendle Hill Upgrade
69. Fairfield Showground Stage 2 – Indoor Sports Centre
70. Kurrajong to Kurmond Cycleway
71. Fernadell Park and Community Facility development
72. Getting around and Discovering the Hawkesbury
73. Woodbury Reserve Upgrade
74. Light Horse Park embellishment and upgrades
75. Sue Savage Reserve Multigenerational Recreational Facilities
76. Doyle Ground Sports Facility Improvements
77. Max Ruddock Reserve Amenities Modernisation with Viewing Platform
78. Refurbish Rydalmere Bowling Club into a New Multi-Purpose Community Facility
79. Let’s play @ Kilpack!
80. Active Youth are Healthy Youth
81. Somerville Park Improvement Project
82. West Epping Park Dog Off-Leash Area
83. Gipps Street Recreation Precinct
84. St Marys City Heart and Entertainment Canopy
85. Upgrading of Flood Warning Infrastructure – The Hills Shire Council LGA
86. Horseworld – Indoor Recreation Centre
87. Dudley Chesham Masterplan 1st Stage – Multipurpose Community Facility
88. Renew and upgrade Oakdale Hall at Egans Rd, Oakdale
89. Railside Ave main street upgrade Bargo
90. Wollondilly Community, Cultural & Civic Precinct – Performing Arts Centre
91. Upgrade Appin Tennis Courts, AIS Park Appin (Sportsground Parade) and lights
92. Warragamba Netball Courts
93. The Oaks Hall
94. Footpath Shared Path Program
95. Thirlmere Hall Refurbishment
96. Hudson District Park East
97. Begnell Field Revitalisation
98. Airey Park Refurbishment
99. Strathfield Park Revitalisation
100. Castle Hill Showground Arena
Community projects at risk under Labor