ockel:
It must be an election year with confirmation of another PGF (or PGF reset) style debacle in Ruapehu Alpine Lifts.
Not content with loaning $10m for the SkyWaka in 2018 and the additional $5m loan to assist during COVID plus the $8m bridging finance in late 2022 to avoid liquidation (how'd that work out?) now an additional $5m is being flushed down the gurgler for a single business enterprise. One would imagine the business case has been rigorously tested (as per all other PGF style applications) but surely good money after bad. [BTW - Central North Island peoples - vote for Labour, like Northlanders should vote for the PGF czar given its dispropotionate share of funding, or Defence personnel - vote for the now ex-MP Defence Minister cos you wont get a better budget share in the future*]
In other news.... despite it being only 6 weeks after the budget Universities are going to get extra funding. Where did that money suddenly come from - maybe Vic wont have to close its secondary school teaching course or ECE diploma. Wasnt a priority 6 weeks ago (or over the last 5 years) but with the vote starting to drop away...... Voila.
*"In fact, to be perfectly honest, when I look at the polling results of my political party New Zealand First, then the veterans, the defence base, you guys haven't supported us ... the fact we only get 7 per cent of the vote tells me that.""
The "extra" universities will get (over 2 years) is worthless, it is too little, too late. $128 Million over 2 years, across 10 tertiary institutions is just over $6 Million a year each
Or put it another way, the cost of tertiary education is $21 Billion, this is a 0.6% increase in funding which STILL leaves the universities funding increase below inflation, and that funding is spread over 2 years, so is in effect a 0.3% increase.
The immense stress staff have been though over the last 2 years with various restructuring, repositioning, redundancies, right-sizing, etc etc etc has staff seriously fatigued. People are quitting, sometimes whole groups just say F it, and leave.
The "floor space charges" are higher than the salaries of the staff in those areas.
Whole subject areas are and will continue to be closed due to lack of funding and the required cost savings.


