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Newcastle Herald
Newcastle Herald
National
Matthew Kelly

Royalty rip-off: Hunter misses coal mining windfall in NSW Budget

MORE TO BE DONE: Newcastle MP Tim Crakanthorp wants to see more mining royalties spent in the Hunter. Picture: Simone De Peak

THE NSW government will rake in an extra $810 million in coal royalties this year - and almost $4 billion over the next four years - but has not put an extra dollar into a fund to help coal mining communities prepare for change.

The state budget on Tuesday revealed the extraordinary windfall for the state's coffers - driven by high thermal coal prices - but Hunter MPs and business leaders have hit out at the lack of investment in the region.

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