NSW State Government Turned Upside Down
I really have little more to add to what has been reported in the media, but to recap recent events:
Following John Watkins resignation last Thursday, Premier Morris Iemma sacked Treasurer Michael Costa following the failed power privatisation bid. Iemma then resigned, after being challenged by newcomer Nathan Rees, who was appointed the new premier of NSW.
In one of his first acts as premier, Rees appointed a new cabinet, which resulted in the dumping of the highly unpopular planning minister, Frank Sartor.
All I can add is that I could not think of a more appropriate bunch of people to get rid of.
I do wish Mr Rees luck in his new job as he still has to face some major problems. NSW is in debt with no money to spend on vital infrastructure and its economy is in recession.
An obvious first step is to convince the Federal Government to give NSW its fair share of GST revenue. It has been previously reported in the media that GST revenue raised in NSW is being used to subsidise other states. Anecdotal reports suggest that this could provide up to $2 billion extra annually to the NSW budget.