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Budget points outline year 1928 revenue and projects
The Assistant Treasurer presented the Budget showing total revenue from all sources for the year ending June 30, 1928 estimated at 145,908,914 with expenditures around 45,596,018 and a Consolidated Revenue Fund deficit of 4,507,407. 1927 surplus was 4,858,012 with revenue 4,264,039 and expenditure 2,802,107. Key factors: direct taxation rise of 3,070,000 and income tax up 2,347,000, motor tax payments to the fund, railway receipts at record levels, and adverse railway conditions this year. The plan funds a 4,843,292 deficit at June 30, 1928, and increases liquor license fees. Railway and tramway fares rise to be maintained, accounts separated from admin July 4, with urgent works and new rail projects listed, plus water supply schemes and town water/sewerage plans. Motor tax 10 percent cost restored to Main Roads Board. Education spending includes new high schools and technical and domestic science schools. Family endowment tax suspension extended for six months from April 4, 1928, with possible 1–4 percent tax if continued. Amending legislation to stabilize Murrumbidgee Irrigation Area finances planned. Housing aid to be liberalised via State Government Savings Bank. McDonald, a sight-testing specialist, will attend the Commercial Hotel May 25. Noreo Limited produced 1328 tons butter at 14 per lb. prior year 4268 tons at 48 0d per lb. Slaughtered 6803 pigs at 4d per lb for pork half-year distribution by month end.