557 days ago

Budget 2023 highlights: What's in it for YOU?

Brian from Mount Roskill

The key highlights:
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Extension of 20 hours Early Childhood Education to include 2-year-olds - $1.2b

Abolition of $5 prescription co-payment - $619m
Cheaper public transport for children - $327m
$71b in infrastructure spending
Inflation forecast to stay higher, for longer
Net core Crown debt hits $181b
The cost of living package targets families with young children.

For parents
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Two-year-olds included in 20 hours of free early childhood education from March 2024, at a cost of $1.2 billion over four years. This saves eligible parents about $133 a week. Subsidies for childcare centres rise by 5.3 per cent, costing $260 million over four years.

Public transport
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$327 million for free public transport for primary school-aged children, half price public transport for under 25′s from 1 July - benefiting about 774,000 people. Pay rises for bus drivers.

Health
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Removing $5 co-payment for prescriptions, cost: $618 million over four years.
More money to help reduce waiting lists ($118 million) and $100 million to boost primary care. $63 million for 500 extra nurses. $75 million more for Pharmac.

The tax change
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Tax rate for trustees to increase to 39 per cent from April 2024 - the same as the top income tax rate. Aimed at stopping people using trusts for their income to avoid the higher tax rate. Expected to raise $350 million a year.

Post-cyclone infrastructure
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National Resilience Plan set up with initial funding of $6 billion - first priority is repair and rebuild of telecommunications, energy and roading after Auckland flooding and Cyclone Gabrielle.

Housing
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$403 million to expand scheme for heating and insulation installations to 100,000 more homes. 3000 new public housing places.

The economy
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Inflation is forecast to drop to 3 per cent by next September.
Treasury no longer forecasting a recession, due to cyclone recovery. Unemployment is forecast to peak at 5.3 per cent in late 2024.
GDP is forecast at 3.2 per cent this year, dropping to 1 per cent next year.

The books
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Return to surplus forecast in 2025/26. Net debt is forecast to peak at 22 per cent in 2024.

The surprises
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$34 million increase in funding for Te Matatini (over two years) - up from $3 million a year now. The festival will get more funding than the NZ Symphony Orchestra for the first time.

New 20 per cent rebate for game development studios - allowing them to claim up to $3 million a year in rebates.
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www.nzherald.co.nz...
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More messages from your neighbours
4 days ago

Poll: Should all neighbours have to contribute to improvements?

The Team from Neighbourly.co.nz

An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.

When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?

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Should all neighbours have to contribute to improvements?
  • 82.4% Yes
    82.4% Complete
  • 14.8% No
    14.8% Complete
  • 2.8% Other - I'll share below
    2.8% Complete
1600 votes
7 hours ago

The Year in Space 2024

Stardome Observatory & Planetarium from Stardome Observatory & Planetarium

2024 has been an epic year in space, with stranded astronauts, dazzling auroras, comets, meteor showers, and eclipses. 

The Year in Space is Stardome’s own fulldome showcase of the year’s highlights and includes stunning recent images and discoveries from the James Webb Space Telescope, exciting space events of the year, and breathtaking astrophotography from finalists of the NZ Astrophotography Competition.

Take a trip through space and witness the beauty of our universe as seen from Aotearoa New Zealand. Not to be missed!

www.stardome.org.nz...

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1 day ago

Live Q&A: Garden maintenance with Crewcut

The Team from Neighbourly.co.nz

This Wednesday, we're having another Neighbourly Q&A session. This time with John Bracewell from Crewcut.

John Bracewell, former Black Caps coach turned Franchisee Development Manager and currently the face of Crewcut’s #Movember campaign, knows a thing or two about keeping the grass looking sharp—whether it’s on a cricket pitch or in your backyard!

As a seasoned Crewcut franchisee, John is excited to answer your lawn and gardening questions. After years of perfecting the greens on the field, he's ready to share tips on how to knock your garden out of the park. Let's just say he’s as passionate about lush lawns as he is about a good game of cricket!

John is happy to answer questions about lawn mowing, tree/hedge trimming, tidying your garden, ride on mowing, you name it! He'll be online on Wednesday, 27th of November to answer them all.

Share your question below now ⬇️

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