Queensland Budget 2019-20

Posted on June 11th, 2019

This year’s State Budget was tabled in Parliament yesterday, Tuesday 11th June, promoted as “a budget for regional Queensland” by Treasurer Jackie Trad MP. It includes $1.1B in infrastructure spend estimated to support around 3,600 jobs in Central Queensland.

Small Business budget announcements include:

  • Lifting the payroll tax threshold from $1.1 million to $1.3 million of annual wages
  • Introducing a new regional discount rate for businesses that have more than 85% of their employees outside SEQ
  • Introducing a new rebate for employment growth providing a payroll tax rebate of up to $20,000 for businesses that can demonstrate they have increased their number of full time employees
  • Continuing the 50% Payroll tax — Apprentice and Trainee rebate to 30 June 2021

Significant projects funded in the 2019-20 Budget for Rockhampton and Yeppoon, including projects funded in partnership with the Federal Government, include:

  • $352 million Rockwood Weir,  expected to commence construction later this year.
  • $31.5 million Rockhampton Art Gallery project is receiving $5 million through Building our Regions, in addition to $2 million provided previously for a business case and $8 million in other Palaszczuk Government funds, bringing the total contribution to $15 million.
  • $622.8 million for the Central Queensland Hospital and Health Service.
  • $43.7 million to maintain, improve and upgrade schools in Central Queensland.
  • $1.3 million upgrade to the Rockhampton Ambulance Station and Operational Centre.
  • $17.7 million towards the Great Keppel Island Rejuvenation Pilot.
  • $88 million in 2019-20 out of a $243.2 million total spend to increase capacity and upgrade facilities of the Capricornia Correctional Centre.

Major roads projects listed in the 2019-20 State Budget, including projects funded in partnership with the Federal Government, included:

  • $200 million towards the jointly-funded $1 Billion Rockhampton Ring Road project
  • $157 million to duplicate, from two to four lanes, the Bruce Highway Rockhampton Northern Access Upgrade (stage 1) between Rockhampton-Yeppoon Road and Parkhurst and safety works at Terranova Drive
  • $80 million for the jointly-funded Rockhampton – Yeppoon Road duplication
  • $75 million to duplicate, from two to four lanes, a section of the Capricorn Highway between Rockhampton and Gracemere
  • $30 million to further improve and upgrade Rockhampton-Emu Park Road for road train access
  • $26.7 million to widen and seal the Bruce Highway between Gentle Annie Road and St Arnauds Creek, south of Rockhampton
  • $19 million to build six new overtaking lanes on the Capricorn Highway, between Gracemere and Emerald
  • $18.3 million safety works on the Bruce Highway, between Nielsen Avenue and Plentiful Creek, north of Rockhampton
  • $14.5 million for widening and safety upgrades on Bajool-Port Alma Road
  • $9.4 million to build new overtaking lanes at Plentiful Creek on the Bruce Highway, north of Rockhampton
  • $5 million to upgrade the Yeppoon Branch Rail Line.

Read the Snapshot Budget 2019-20 CENTRAL QUEENSLAND for a quick summary of how the Queensland Budget will support Central Queensland.

Read the Keppel Budget 2019-20 Highlights for the highlights in the Keppel Electorate.

Media Release: Keppel to prosper under record Budget

Media Release: State Budget cements Queensland as the best place for small business to grow and employ

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