Victorian budget takes $100m hit after school payroll tax watered down

Gus McCubbingReporter

Jun 29, 2023 – 5.42pm

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The Victorian budget will be $100 million worse off after a payroll tax on the most expensive private schools designed to help pay down the state’s giant debt was watered down.

The payroll tax will hit nearly 60 private schools charging more than $15,000 a student from July 1 next year until at least January 2029.

Gus McCubbing is a journalist at the Australian Financial Review in Melbourne. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com

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