Payroll tax relief for businesses was not considered in Victoria's pre-election budget, with the government prioritising a return to surplus and health spending.
Tuesday's state budget, the eighth handed down by Treasurer Tim Pallas, projected land and payroll tax would grow by $4.8b and $6.8b, respectively, next financial year.
Both revenue streams are then expected to grow 7.2 per cent and 6.5 per cent annually over the forward estimates, adding billions more to Victoria's coffers.