I/S at No Right Turn…
School gets aid despite assets worth millions, Dominion-Post, 13 January 2014:
A high school under investigation by the Ministry of Education for illegal fee-charging has been criticised for being allowed to operate under its own set of rules.
Early last year former private school Wanganui Collegiate was integrated, after a falling roll and increasing debt meant it would fold without a government bail-out.
In 2012 the prestigious decile 10 school was running an expected loss of $800,000 and subject to government providing funding, a Crown Monitor was appointed to oversee its finances until integration went ahead in January last year.
When Wanganui Collegiate applied for integration it said it would likely close without financial support from the Crown, Ministry of Education acting head of sector enablement Marilyn Scott said. “The proprietor acknowledged capital assets were held but not liquid assets that could be used to pay the operational expenses of the school.”
According to Wanganui Collegiate’s annual report for the year ending March 31, 2013, the college had more than $3 million in freehold land and, in addition, the college grounds were valued at $1.7m.
The school’s foundation owns three commercial properties in Wanganui, two of which have rateable values of just under $1m, while the third property, a car park on the corner of Victoria Ave and Glasgow St had a rateable value of $4.75m.
Maori girls school to close after 110 years, New Zealand Herald, 26 November 2015:
A secondary school for Maori girls will be closed after 110 years because of concerns about its debt and governance.
Education Minister Hekia Parata confirmed this morning that Turakina Maori Girls College in Marton, 40km north-west of Palmerston North, would close in January.
Ms Parata said there was “a great deal of goodwill” towards the Decile 3, state-integrated Presbyterian boarding school and she was saddened to have to close it down.
“However, the financial information provided … doesn’t give me confidence that the proprietor is able to clear its debt and become financially viable,” she said.
The lesson is clear: if you are rich, white, and worth millions, the government ignores advice to shovel money at you. If you’re poor and brown (and for girls), they let you fail. National’s racism and pandering to the rich pervades every aspect of policy.