MILDURA families are set for a big win in next week's State Budget, with at least $40 million tipped to go towards new local public housing.

Member for Mildura Ali Cupper said the funding would be "life-changing for so many families" after a 54 per cent increase on the local public-housing waiting list since 2014.

Latest data shows there were 653 families in the Mildura electorate on the waiting...