Binary Ninja wrote on Sep 14
th, 2010 at 12:39pm:
Yes the funds should be stopped to the ELITE schools altogether due to the fact that a school can make a $4.7 million dollar profit (supposed to be non profit) and still receive over $9 million in funding from the government ...
The independent , the Catholic , the state schools never ever received this level of funds or never recorded a profit ....
It is okay or will be shortly because the current news on this SES funding is that these
ELITE
schools are tipped to be removed from the scheme altogether as we are arguing here ...finally they have seen the sense ... the rest of the SES will be reviewed under the socio economic bracket like it was supposed to be and funds allocated appropriately they seem to have moved it up ...
I saw an article, some time back, on Sydney Church of England Girls Grammar School (SCEGGS) that they had SO much money flowing in from the Howard Liberal Government funding scheme they didn't know what to do with it
The school had started an investment division - and spending surpluses on prime properties around Sydney and playing the real estate speculation game
DESPITE this, the school had raised fees, in line with what the market would bear, above and beyond the CPI
Now THIS seems, to me, to be a case no valid need of additional Government grants, assistance or hand-outs