No change: Ferry fares will not go up this year *Photo by Kageaki Smith
No change: Ferry fares will not go up this year *Photo by Kageaki Smith
Key points from Finance Minister Paula Cox's Budget Statement this morning. Analysis to follow.

• Payroll tax to rise from 14% to 16%. The portion paid by employees goes up 1%

• Motor vehicle licences to go up 5%

• No increase in bus or ferry fares

• Customs relief on some electronic items such as TVs

• National task force to be formed to tackle anti-social behaviour

• $65.7million to help police tackle gang-related crime

• Total national budget is $1.2billion, compared to $1.1b last year

• Total revenue is projected to be $1.05billion.

• Gov't will borrow $143m. Last year it borrowed $147m

• Debt ceiling rises to $1.25billion, up from $1b

• Minister Cox expects a return to positive growth this year, in the range of 1%

• FutureCare (health insurance for seniors) will be available to everyone who turns 65 in 2010 and everyone 70 and over

• Land tax for properties above $110,000 ARV will go up from 18.23% to 19.2%

• Land tax increases will generate an additional $50m

• Retailers to get 'relief' on payroll tax in the slow months of Jan, Feb and March

• Taxi drivers will be exempt from payroll tax, for the tax period beginning Jan. 2010

• Government fees for an array of services for the public go up 3 per cent

• Payroll tax salary cap raised from $350,000 to $750,000