Scott Farlow
Shadow Treasurer
The latest ABS Taxation Revenue data confirms what families and businesses across New South Wales already know: under Labor, taxes are going up and households are paying the price.
Under the Minns Labor Government, a disturbing trend of runaway tax increases has emerged. Between the 2022-23 and 2024-25 financial years, NSW has endured the highest per capita state and local government taxation growth of any jurisdiction in the country of 15.7 per cent, compared to 6.7 per cent growth across all levels of government.
|
|
|
|
23-24 |
24-25 |
22-23 to 24-25 |
|
|
|||
|
|
|
|||||||||
|
|
|
$ |
$ |
$ |
% change |
|
|
|||
|
State and local government |
|
|
|
|
||||||
|
|
New South Wales |
5,519 |
6,005 |
6,383 |
15.7% |
|
|
|||
|
|
Victoria |
5,810 |
6,367 |
6,605 |
13.7% |
|
|
|||
|
|
Queensland |
4,746 |
5,060 |
5,481 |
15.5% |
|
|
|||
|
|
South Australia |
4,307 |
4,689 |
4,956 |
15.1% |
|
|
|||
|
|
Western Australia |
5,303 |
5,598 |
5,933 |
11.9% |
|
|
|||
|
|
Tasmania |
3,651 |
3,985 |
4,153 |
13.7% |
|
|
|||
|
|
Northern Territory |
3,424 |
3,604 |
3,839 |
12.1% |
|
|
|||
|
|
Australian Capital Territory |
5,555 |
5,494 |
5,725 |
3.1% |
|
|
|||
|
|
Average |
5,266 |
5,692 |
6,023 |
14.4% |
|
|
|||
|
Commonwealth government |
23,475 |
24,083 |
24,652 |
5.0% |
|
|
||||
|
All levels of government |
28,705 |
29,735 |
30,633 |
6.7% |
|
|
||||
The 2025-26 NSW Budget Half-Yearly Review confirms that under the Minns Labor Government, every tax is going up with land tax revenue increasing by more than 47 per cent, transfer duty revenue up nearly 45 per cent, and payroll tax surging by over 20 per cent since the 2022-23 budget year.
NSW Shadow Treasurer Scott Farlow said the figures expose a clear pattern: higher taxes, rising cost of living, and a government that keeps taking more.
“Since the Minns Labor Government was elected, NSW has taken the mantle of the State with the fastest growing taxes. That’s not something to be proud of, it is a burden families are feeling every single day.”
“There is barely a tax that has been spared. Whether you’re buying a home, running a business, or just trying to get ahead, Labor is taking more.”
"Labor has no plan to help the families of NSW, but has a plan to continue growing taxes with the Half-Yearly Budget Review predicting taxation will hit nearly $60 billion by the 2028-29 financial year – a more than 50 per cent increase on the yearly tax burden the people of NSW faced under the last year of the Coalition Government.”
“At a time when people are cutting back, the Minns Labor Government is cashing in.”