Victoria is a financial disaster. This will be a future case study in how not to run public finances.
What most left leaning luvvies expect is that the federal government bails out Victoria. What they fail to realise is that after 10 years of Andrews, Allan and Pallas Victoria is the most hated state and any federal government that attempts to bail out Victoria will be swept from office at a subsequent election.
Victoria is on its own and needs a new start by the LNP come November 2026.