NSW coal producers to be stung with royalty

THE backlash has already begun as the release of the New South Wales mini-budget draws near, amid strong speculation the government will increase coal royalties in 2008-09 to raise extra revenue, one of several cash driven plans to fill a $A1 billion revenue shortfall caused by the sharp economic downturn.

NSW coal producers to be stung with royalty NSW coal producers to be stung with royalty NSW coal producers to be stung with royalty NSW coal producers to be stung with royalty NSW coal producers to be stung with royalty

State Treasurer Eric Roozendaal made no secret of the fact that the mini-budget, expected next Tuesday, will be tough.

“We have to think about the long-term future of the state," he said.

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