New Business Levy to Fund $3.8B Mental Health Reform: Victorian Budget
New Business Levy to Fund $3.8B Mental Health Reform: Victorian Budget Victorian-based businesses will be levied with a new surcharge to rebuild the state’s “broken” mental health system, according to the state’s newly released 2021-22 budget. On Thursday, Treasurer Tim Pallas revealed the state of Victoria’s economy, which is expected to reach a net debt of $102.1 billion this year and increase to $156.3 billion in 2024-25. The state has responded with a suite of new taxes to balance the books, as well as new initiatives targeting the health, education, and transport sectors. The n...