Sensational-Adelaide.com

AtD wrote:http://www.treasury.sa.gov.au/dtf/home_page.jsp

Wayno wrote:I hope Foley chooses to include "mining boom" dividend projections in this budget. However more likely that good news of this scale will be preserved to coincidentally occur just before the next election.

monotonehell wrote:

Wayno wrote:I hope Foley chooses to include "mining boom" dividend projections in this budget. However more likely that good news of this scale will be preserved to coincidentally occur just before the next election.

*shock* What.makes.you.think.that?

crawf wrote:This State Budget better include a major improvement to the train network, or I wont be a happy camper.

Theres going to be a huge increase in public transport usage especially if petrol prices continue to go to ridiculous levels.

Will wrote:

crawf wrote:This State Budget better include a major improvement to the train network, or I wont be a happy camper.

Theres going to be a huge increase in public transport usage especially if petrol prices continue to go to ridiculous levels.

Don't hold your breath. All the nice and exciting items will be announced next year in anticipation for the 2010 election.

SOUTH Australia's Tour Down Under will get a $14.6 million windfall in next week's State Budget.

Tourism Minister Jane Lomax-Smith today announced that the money would be provided over the next four years to increase the world-class race's tourism benefits.

The TDU, the first ProTour race to be held outside of Europe, will be heavily promoted overseas, thanks to the funding boost.

Dr Lomax-Smith announced the funding during the opening of registrations for the 2009 Skoda Breakaway Series Mutual Community Challenge Tour.

That tour, supported by the Advertiser, allows amateur cyclists a chance to be part of the Tour Down Under program.

Dr Lomax-Smith also announced that Burnside would host the start of the Stage 4 route to Angaston for the first time yext year.

Other routes will be announced in July.

"This year's Tour Down Under achieved amazing results, attracting more tourists, bigger crowds of spectators, more world media coverage and a larger economic impact than ever before," Dr Lomax-Smith said.

"We believe there is scope to increase the tourism benefits and further boost SA's profile in the all-important European market - the source for the largest number of visitors to our state."

Dr Lomax-Smith said this year's event added an estimated $17.3 million to SA's economy, a 50.54 per cent increase on the previous year.

People can register for the Breakaway Series at http://www.tourdownunder.com.au

Entries will be capped at 5000 and an '"early bird" offer is available until July 31, allowing riders to register at 2008 prices.

SA racing's budget boost
28/05/2008 9:37:00 AM
South Australia's thoroughbred racing industry will get an $11 million boost in the upcoming state budget to redevelop one race track and build another.

A second turf track will be built at Allan Scott Park in Morphettville, in Adelaide, and the Gawler Racecourse north of the city will get a newly designed track and multipurpose facility.

Racing Minister Michael Wright says the future of the local racing industry was dependent on having two metropolitan racing venues.

"The industry faces serious financial risks if these demands are not met," Mr Wright said.

Foley's infrastructure focus
Article from: The Advertiser

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GREG KELTON

June 02, 2008 08:00pm

KEVIN Foley's seventh Budget to be handed down on Thursday is likely to be his "Bob The Builder" manifesto.

Infrastructure is set to be the key element of this Budget with millions of dollars in funds set aside for desalination, superschools, new prisons and new transport projects.

There is increasing speculation that one of the big ticket items will be a plan to extend the light rail network either to Port Adelaide or in a city loop taking the existing Glenelg tram line down West Tce through Grenfell St and hooking up with King William St.

Tax increases are unlikely in the current climate even though Government fees and charges will rise by slightly more than the rate of inflation.

With the current inflation rate of 4 per cent any tax relief is likely to be directed at the business sector and the average punter will not find much flowing into his hip-pocket.

Motor registration fees, public transport fares and fines will all increase under a formula based on the CPI. Increases are expected to range between 4.5 per cent and 8 per cent.

A 4.5 per cent increase in car registration fees would see the cost for a six cylinder car rise from $186 to $194 a year.

An 8 per cent rise in bus fares would see the cost of weekly peak hour multi-trip ticket rise from $26.90 to $29.05. Drivers' licences are expected to rise from $250 for 10 years to $261 after no increase at all last year.

Much of the money for infrastructure will come from borrowings. There are mutterings in the public service about how departmental spending will be cut to the bone as a result of a shortfall in savings from the shared services concept – supposed to provide more than $130 million in funds.

Key staff are already leaving jobs in the public sector in advance of the shared services changes, leaving many regional agencies with reduced capacity.

Mr Foley said yesterday he would give priority to health, education and security in the Budget.

But he warned spending would be tight because of the global credit squeeze and higher oil prices.

Mr Foley also pledged to keep the Budget in surplus saying "what we have said consistently is that we will have strong surpluses".

"I believe that in the current economical and financial times, the credit squeeze and massively increased petrol pricing that we need to keep the Budget strongly in surplus," he said. "But we have made no secret of the fact that we are borrowing money to build critical infrastructure but at the same time operating very strong surpluses to pay for those borrowings."

There is increasing speculation that one of the big ticket items will be a plan to extend the light rail network either to Port Adelaide or in a city loop taking the existing Glenelg tram line down West Tce through Grenfell St and hooking up with King William St.

There is increasing speculation that one of the big ticket items will be a plan to extend the light rail network either to Port Adelaide or in a city loop taking the existing Glenelg tram line down West Tce through Grenfell St and hooking up with King William St.