The NSW budget has provided $20.6 million to encourage industrial business growth at Bomen and $116 million to fund prior major commitments for hospital and school upgrades in Wagga and Tumut.
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The regional NSW budget paper stated that the government would spend "$20.6 million to progress early works and land acquisition for the Wagga Wagga Special Activation Precinct".
The precinct, first announced in January last year, is intended to make it faster and easier for new businesses to invest in the current industrial zone at Bomen.
Wagga-based Nationals MLC Wes Fang said the precinct was important for the city's economic growth and would provide construction and ongoing jobs.
"It's going to provide Wagga with a key attraction to businesses: to be able to manufacture and freight quickly up and down the east coast with inland rail," he said.
Deputy Premier John Barilaro has previously said the 4500-hectare precinct could create up to 6000 new jobs.
Independent Wagga MP Joe McGirr said the precinct "represents an enormous opportunity for our city".
"The fast-tracked planning approvals, the infrastructure investment in the intermodal hub and the roads, there's a lot of excitement there,' he said.
"Together with the changes to internet access under the 'Gig State Project', it will be a big boost to the region."
Dr McGirr said the budget's bushfire recovery funding would provide an "important stimulus" to fire-affected communities.
Wagga Labor councillor Dan Hayes said the electorate had not received any major new projects to offset the budget's capping of public sector wage increases.
"There's not really anything new, so what we are left with is a whole bunch of nurses, teachers, police officers and the like who have had their pay cut, ripping money out of the local economy to pay for Sydney projects," he said.
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Cr Hayes said the budget's payroll tax changes would "really only impact the major businesses".
"The impact here would be less as the number of big employers is limited," he said.
"The food vouchers are a great little sugar hit for local business if they get used, but when you are cutting the wages of public servants, that's a permanent cut back if they don't have the pay after the vouchers are spent in one week, they won't be coming back to the cafe in the next week."
In announcing the 2020-21 budget on Tuesday afternoon, after a delay of five months due to the coronavirus pandemic, Treasurer Dominic Perrottet said the government was "taking the opportunity to make regional NSW the powerhouse of our state's economic future".
"We are building new industrial capacity, with precincts in Parkes, Wagga Wagga, and the Hunter, tailor-made to ensure local industries will thrive long into the future," he said.
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The $20.6 million for the Wagga Special Activation Precinct will be paid from the $4.2 billion legacy fund created by selling NSW's share of the Snowy Hydro Scheme to the federal government.
Dr McGirr said he was seeking information from the government on its exact plans at Bomen for the $20.6 million and whether it would overlap with $29 million grants announced for the Riverina Intermodal Freight and Logistics Hub late last year.
"I'm not sure precisely what the money will go to but I think it's part of announcements already been made that are being followed through," he said.