Vic; Budget to bail out TAFEs with $104 million cash boost

AAP General News (Australia)
04-26-2000
Vic; Budget to bail out TAFEs with $104 million cash boost

Victorian TAFE institutes are to receive an additional $104 million over three years,
according to a preview of next week's state budget.

Today's Age newspaper says the bailout for the state's cash-strapped TAFE institutes,
to be announced in the budget on May 2, includes $38 million next financial year for new
plant and equipment.

Minister for Post-Compulsory Education Employment and Training LYNNE KOSKY has declined
to confirm details of the extra money.

But she's told The Age the government believes TAFEs need an improved funding base.

An audit last year by Ms KOSKY'S department found half the state's TAFEs were in serious
financial trouble and four were on the brink of insolvency.





The TAFEs in the most serious financial difficulties were Chisholm, Central Gippsland,
Northern Melbourne and the Wodonga Institute.

AAP RTv ra/rt

KEYWORD: BUDGETVIC TAFES (MELBOURNE)

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