The NSW Greens are proposing to raise poker machine and property taxes and defer the abolition of a range of business levies to cover the cost of borrowing $20 billion to pay for infrastructure upgrades over the next 20 years.
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Releasing the party's strategy to fund infrastructure without privatising the NSW electricity network businesses, Greens MP John Kaye said it was "a fair plan".
"NSW deserves better than the false choice between a government that will privatise community assets and an opposition that will underinvest in the future," he said.
Under the plan, the Greens propose to reinstate the vendor duty that was introduced by the former Labor government in 2004 but abolished in 2005.
The 2.25 per cent tax was payable by the seller of land where the sale value exceeded the purchase value by more than 12 per cent. The family home or farm was exempted and the seller could pass on the cost to the buyer in the sale contract.
The Greens said that reinstating the vendor duty would raise an average $645 million a year over four years.
A further $310 million per year could be raised from resetting poker machine taxes payable by registered clubs earning over $1 million a year in poker machine profits to 2004 levels.
The Greens also propose to maintain a range of business taxes set to be abolished by the Baird government, including stamp duty on business mortgages, unlisted marketable securities and transfer duty on non-real business transfers.
Labor has proposed to defer these taxes to raise $5 billion over 10 years, if elected on March 28.
Abolition of the so-called intergovernmental agreement taxes were part of the agreement between the states and the Commonwealth on the introduction of the GST.
The Greens said maintaining the taxes would raise an average $400 million per year.
Dr Kaye said the measures would raise $1.35 billion per year, which would cover the interest payable on a $20 billion, 10-year loan at a "conservative" rate of 3.25 per cent.
"Premier Mike Baird is obsessed with privatisation, while Labor lacks the courage to tax unearned income and gambling revenue," he said.
"The Greens are not afraid to stand up to the developer lobby, land speculators and cashed-up megaclubs because it means we can rebuild the state without cannibalising critical public assets."
Dr Kaye said a range of infrastructure projects proposed by the Greens would be announced over the coming weeks.
