Feb 10, 2009

Building the nation & supporting jobs in Grayndler

Building the nation & supporting jobs in Grayndler

MEDIA RELEASE

The Hon Anthony Albanese MP

The Minister for Infrastructure, Transport,

Regional Development and Local Government

Leader of the House

Member for Grayndler

February 10 2009 (amended Feb 16)

Anthony Albanese has welcomed the Rudd Government’s $42 billion Nation Building and Jobs Plan.

The Plan will deliver $28.8 billion in direct investment in schools, housing, roads and other essential local infrastructure, including a $2.7 billion temporary tax rebate expansion for small business to encourage private sector investment. It will also provide $12.7 billion in direct payments to low and middle income earners.

"The package will provide targeted bonuses for families and singles, invest in local schools, and help reduce energy costs and carbon emissions in the Inner West,” said Anthony Albanese.

In the electorate of Grayndler that means:

  • Every one of our 41 primary schools will have capital funding provided for essential new buildings and upgrades; and
  • Eligible families will be able to install insulation in the family home for free or apply for a rebate of up to $1600 for solar hot water.

“The energy efficiency measures will employ people in the short term and help reduce our carbon footprint and energy costs in the long term,” said Anthony Albanese.

Many locals will also receive targeted bonuses, to provide an immediate stimulus to the economy and support Australian jobs in the near-term. For people in Grayndler this means:

  • 6019 families will receive a Back to School Bonus of $900 to help with the costs of kids returning to school
  • Up to 4975 students and people looking for work will receive a Training and Learning Bonus of $900 to support their study costs
  • People whose taxable income was less than $100,000 in 2007-08 will receive up to $900.

“The plan delivers a welcome investment for local infrastructure and will support jobs in our local community,” said Anthony Albanese

The Nation Building and Jobs Plan continues the Rudd Government’s decisive action in the face of a worsening global crisis that has already seen the United States, the United Kingdom, Germany and Japan fall into recession.

The crisis started in the United States on Wall Street and has spread across the world, slowing growth dramatically in China and has caused a rapid unwinding of the mining boom, with major consequences for Australian revenues, growth and jobs.

That’s why this decisive action by the Rudd Government is so critical for supporting economic growth and Australian jobs.