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It is sounding like Groundhog Day for Victorians.
When Labor came to government in Victoria in 2014, it immediately cancelled the East-West Link project, which cost taxpayers $1.1 billion in compensation.
Last year, Labor cancelled the Commonwealth Games, which cost Victorian taxpayers $600 million in compensation.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.