Amid a cost-of-living crisis, we need responsible economic management that provides relief for families and businesses, without blowing out NSW’s debt and fuelling inflation.
One of the biggest cost burdens on family budgets is the rising cost of home insurance, which has risen a staggering 32% since 2022 across the board, more for people in flood risk areas such as Narrabeen. 15% of families are facing home insurance bills that cost over 1 month of annual salary.
I’m lobbying the NSW Government to:
- Reduce stamp duty on home insurance and earmark any revenue raised to make our homes and communities more resilient to extreme weather events, to put further downward pressure on insurance.
- Support the reintroduction of Active Kids and Creative Kids vouchers under future governments, subject to modelling showing it is non-inflationary.
- Help households and businesses get rooftop solar, batteries, efficient electric appliances and electric vehicles to save money and cut emissions.
- Hasten introduction of free pre-kindergarten to increase female workforce participation and unlock a greater economic potential for NSW.
- Raise revenue from a progressive coal royalties scheme that captures the massive windfall profits - just like Queensland does - and reinvest those funds into programs designed to address the cost of living crisis.