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Letters of 26 May 2021: Taxation and debt a deadly mix May 27, 2021 – 5.01am Share Interesting analysis and thinking from Stephen Anthony (″⁣Victoria’s horror budget lays bare a state of decay″⁣, May 25). The concern is as much a federal as a state issue. Federal grants make up over 40 per cent of Victoria’s total revenue. Treasurer Tim Pallas gives a state budget briefing on Friday.  Jason South The state budget is difficult to analyse, with different figures for the same item in different presentations in the budget papers. However, the general picture can be seen. The state budget papers disclose projected increases of some 38 per cent in state taxes and 15 per cent in federal grants over a four-year period.

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