From pwc.com.au: The 2025-26 Victorian State Budget emphasises supporting cost-of-living, enhancing infrastructure and healthcare, and improving education.

Projected total revenue and expenditure for 2025-26 are $108.3bn and $107.7bn, respectively, with a focus on returning to operating surplus and reducing net debt to GSP ratio.

New revenue initiatives include the introduction of the Emergency Services and Volunteers Funding Levy to replace the Fire Services Property Levy.