"This is a great day for Oxley and the state of NSW. The Nationals are committed to investing in Regional NSW and today we have delivered on that promise." Mrs Pavey said.

"We have seen record spending on infrastructure across the state whilst delivering the biggest surplus in NSW history"

Mrs Pavey said the hard work of the NSW Government over the last four years is now benefiting everyone across the state, including the mid-north coast.

“The strong NSW economy combined with the new Restart NSW program will launch a $20 billion boost to our economic activity." She said.

In this Budget the State will fund an average of $10.3 billion a year on infrastructure over the forward estimates, with state infrastructure spending in NSW over four years a record $68.6 billion, including major health, transport and schools projects in the Oxley electorate, as indicated:

Health

Social

Roads

Pacific Highway:

Waterfall Way:

Oxley Highway:

Council road maintenance funding (incl. Grants and other programs):

Other:

Transport

Rail:

Community Transport:

Member for Myall Lakes Stephen Bromhead said the 2015/16 NSW state Budget provides the start of planning of the Manning Base Hospital redevelopment.

Mr Bromhead said the Budget contains an allocation of $1.35 million for the Stage 1 redevelopment of the renal and oncology services and planning for Stages 1, 2 and 3 of the hospital’s redevelopment.

“In February, Health Minister Jillian Skinner and I announced the funding and I am delighted that not only is the first part included in the Budget, but also the Forward estimates include funding for the building works,” Mr Bromhead said.

“The NSW Government’s commitment is for Stage 1 of the redevelopment to be completed during the current term of parliament and the Budget shows we are on track to achieve that.

“The planning process will include each of the three stages which is a major component that must be completed before any building works can commence.”

Mr Bromhead said he was pleased that two other major infrastructure needs in the Manning are in the Budget.

“There is $350,000 for the extension of Wingham Fire Station and a facilities upgrade for Taree TAFE is also included, however the cost is not included as it is yet to be tendered and is commercially sensitive.

“On top of that $19 million has been budgeted for roads in Myall Lakes.

“I am pleased that the Budget recognises the infrastructure needs in Myall Lakes and now we can get on with the job of planning and building them.”

Motorists will be celebrating record funding for road improvements in Tuesday's  State Budget.

Member for Port Macquarie, Leslie Williams said, “This year’s State Budget has again delivered some key funding commitments for the electorate with more than $200 million allocated for road projects over the next 12 months.

“Since 2011 our Budget allocation has continued to grow reflecting the high level of progress being undertaken in this electorate. 

“The $161 million allocated for the upgrade of the Pacific Highway between the Oxley Highway and Kundabung is the most critical initiative for our electorate in the State Budget.

Mrs Williams said $1.4 billion has been committed to help ensure the Pacific Highway is duplicated between Hexham and the Queensland border.

Other Budget highlights for the Port Macquarie electorate include:

Treasurer Gladys Berejiklian has unveiled a string of healthy surpluses over the next four years, driven by an ongoing property market boom and strong economic growth.

Outlining her first budget on Tuesday, Ms Berejiklian also announced $590 million will be brought forward to kick start a range of infrastructure projects using windfall tax revenues.

The projects, including the Sydney Metro, Parramatta Light Rail, bus rapid transit, health and roads projects, are contingent on the part-privatisation of the electricity network, which has yet to occur.

But Ms Berejiklian said that as legislation for the transaction has passed the NSW parliament, the government was therefore confident the funds would be available.

The allocation will form part of the government's anticipated $20 billion infrastructure spend from the electricity privatisation.

Ms Berejiklian said a new "crack team" - the Priority Projects Branch - will be established within the planning department to halve the time it takes to assess state significant projects.

The budget papers confirm a record $7.29 billion in stamp duty revenue will be poured into the state's coffers this financial year, 75 per cent of which is from residential transactions.

They forecast stamp duty revenue take will exceed $30 billion to 2018-19.

But despite the focus on the Sydney housing affordability crisis, the government has not announced any changes to stamp duty concessions.

Choosing instead to focus on increasing housing supply to drive down property prices, the budget directs an extra $400 million to the housing acceleration fund to fast track infrastructure for new housing.

As foreshadowed, Ms Berejiklian announced a record $2.1 billion surplus for the 2014-15 financial year.

The surpluses continue across the four years of the forward estimates to 2018-19.

Underlying surpluses are estimated to be $756 million in 2016-17, $811 million in 2017-18 and $895 million in 2018-19.

Due to a change from July 1 to how rail capital payments are treated, the budget will record surpluses of $2.5 billion in 2015-16, $3.2 billion in 2016-17, $2.6 billion in 2017-18 and $2.3 billion in 2018-19.

Ms Berejiklian said the surpluses were "a story of strong and careful fiscal discipline over the last four years, coupled with government strengthening the economy".

The budget papers say a key to achieving the results is "effective expense growth management".

Expenses growth is forecast to be an average of 2.8 per cent over the next four years, aligned with subdued revenue growth.

The government has extended a 1.5 per cent "efficiency dividend" – or budget cut - across most government departments for the next three years – a measure that will save it almost $600 million.

This forms part of $1.1 billion in additional savings and cuts to 2018-19.

Gross State Product – a measure of the state's production of goods and services – is forecast to be "above trend" at three per cent over 2015-16 and 2016-17.

However, the budget papers also show the impact of Commonwealth cuts to health and education funding from 2017-18 announced by federal treasurer Joe Hockey last year.

As a result, total Commonwealth grant revenue is expected to fall by almost $500 million across 2017-18 and 2018-19.

Other previously announced measures in the budget are a tax cut worth $235 million for the racing industry and a $200 million boost over four years for Out of Home Care for at risk children who cannot live at home.

The government has promised to create 150,000 jobs over the next four years and confirmed money will be directed to planning for a new train station at Barangaroo as part of the Sydney Metro rail project.

Capital funding for private schools will be increased by $50 million over four years.

To cope with a sharp increase in the prison population as a result of altered bail laws, $20 million will be directed to plan a new private prison at Grafton and expand Parklea jail.

A further $19 million go to establishing a Greater Sydney Commission to coordinate the city's growth.

This State Budget article by Sean Nicholls first appeared in the Sydney Morning Herald.

The booming Sydney property market has underpinned a record $7.29 billion stamp duty take for the NSW government this financial year, supercharging Treasurer Gladys Berejiklian's first budget.

The figure, which includes residential and commercial property transactions, is $1.2 billion higher than forecast in last year's budget and $450 million more than predicted in the December half yearly review.

The stamp duty result is the driver of the record $2.1 billion surplus for 2014-15 to be unveiled by Ms Berejiklian on Tuesday.

The government has pledged to direct all windfall tax revenue – the amount above forecasts – into its infrastructure fund, Restart NSW.

Ms Berejiklian has announced $400 million of the money would be tipped into the Housing Acceleration Fund to pay for water, electricity, roads and other infrastructure for new housing.

The budget will also record a surplus of $2.5 billion for the 2015-16 financial year – a significant improvement on the $402 million surplus forecast in the December review.

However, it is largely as a result of rail capital grants no longer being paid out of the operating budget from July 1.

Without factoring in the change, the underlying surplus for 2015-16 is $712.6 million. 

As part of the change, a dedicated rail asset manager – the Transport Asset Holding Entity – will be established, bringing NSW into line with Queensland and Victoria.

Ms Berejiklian said the "strong budget" was "the culmination of four years of fiscal repair and strong economic management".

But on Monday, Opposition Leader Luke Foley warned the government's privatisation of state-owned assets risked it becoming overly reliant on volatile stamp duty revenue.

The government has privatised Port Botany, Port Kembla and the Port of Newcastle and plans to partially privatise the NSW electricity network businesses.

Mr Foley said the loss of dividends from the privatised businesses meant the government will be exposed when the property boom ends.

"With the removal of ports and electricity dividends, the state budget is of course more and more reliant on the cyclical nature of the Sydney property market," Mr Foley said on Monday.

"When this boom ends, as it will, the state budget will be in a very weak state to cope with the $25 billion of cuts to our health and education systems coming from [Prime Minister] Tony Abbott."

Ms Berejiklian has warned the commonwealth cuts are "unsustainable" and the government "will be fighting for the people of NSW to ensure this state gets its fair share".

State and territory leaders are due to discuss the issue at a retreat with Mr Abbott in July.

This State Budget article by Sean Nicholls first appeared in the Sydney Morning Herald.