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Local News

State Budget Wins For North Queensland

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Image: CC BY-SA 3.0

Townsville Enterprise has welcomed the 2019-20 State Budget, saying Jackie Trad has delivered a budget that provides welcome news for small to medium sized businesses through a Payroll Tax Package and support for infrastructure priorities that will further drive jobs and investment.

Townsville Enterprise CEO, Patricia O’Callaghan said "we welcome commitments in today's 2019-20 Budget such as reducing the cost of access on the Mount Isa to Townsville Rail Line and the construction of a new terminal at the Port of Townsville, $5M towards road infrastructure for the DriveIt Project and the Imperium3 battery plant, and a Payroll Tax Package for our local businesses which was a centrepiece in today's announcement".

"A Payroll Tax Package will support our local businesses in North Queensland to keep money in their pockets as well as encourage further investment into their operations and workforce.

"This budget builds on infrastructure announcements of previous years but also lays a foundation for further investments into key priorities that remain for the region. Reducing the cost of power through projects like CopperString 2.0, investing into new industries such as the battery plant, agricultural development such as the Hells Gates Dam Project, and growing tourism infrastructure through projects like DriveIt and the Museum of Underwater Art, are integral to the north's economic recovery and resilience and will remain priorities for Government support.

"This budget continues to deliver on commitments towards supporting our neighbouring communities in the Burdekin, Charters Towers, Hinchinbrook and Palm Island. The economic health of the regions is integral to the strength of the north and there are number of key regional projects that remain firmly on our advocacy agenda, as outlined in our 2019 State Budget Submission.

"With local unemployment still sitting above 8%, this budget is welcome news for North Queensland, but more work is to be done and we look forwarding to working with the Government on these priorities as they arise" Ms O'Callaghan said.