Last month we noted how the impending stamp duty bust in Victoria was already crimping public spending, with the Andrews Government forced to tighten its belt ahead of pay negotiations with the public service.
The day after, State Political Editor for The Age, Noel Towell, reported that Victorian Treasurer, Tim “Ponzi” Pallas, was in a state of panic over Melbourne’s collapsing property market, which has crushed stamp duty receipts.
