Asset sales here we come. As if that wasn't the agenda all along. Seen it all before - it's happening through Wayne Brown too.Jeez, wouldn’t mind someone a bit more neutral than bill english to head the inquiry into kainga ora spending.
Stuff
www.stuff.co.nz
Can see grants going for māori and Pacific students as a review is about to commence. The ones that Shane Reti benefited from by the looks. At least it would be consistent with the hypocrisy from their leader.
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
- Start date
NZWarriors.com
Newshub's been leaked financial statements showing all 16 polytechs are essentially broke.
The worst are Whitireia and WelTec, which are $28 million in deficit. Waikato Institute of Technology is $22.5m in the red, Open Polytechnic is not far behind on $22m and Toi Ohomai is nearly $21m. The deficit at all 16 polytechnics totals more than $185m.
"That is absolutely correct. That is a result mainly of the unified funding scheme that the previous Government brought in," Simmonds said.
www.newshub.co.nz
BRUTAL.
The worst are Whitireia and WelTec, which are $28 million in deficit. Waikato Institute of Technology is $22.5m in the red, Open Polytechnic is not far behind on $22m and Toi Ohomai is nearly $21m. The deficit at all 16 polytechnics totals more than $185m.
"That is absolutely correct. That is a result mainly of the unified funding scheme that the previous Government brought in," Simmonds said.
Stuff
www.newshub.co.nz
BRUTAL.
except y'know, healthcare, education, infrastructure, defence, police, navy, customs, hospitals, roads, civil defense, water care, investment etc etc - no waste there dean
We're doomed
NZWarriors.com
Juju will probably find some comic value out of that.Newshub's been leaked financial statements showing all 16 polytechs are essentially broke.
The worst are Whitireia and WelTec, which are $28 million in deficit. Waikato Institute of Technology is $22.5m in the red, Open Polytechnic is not far behind on $22m and Toi Ohomai is nearly $21m. The deficit at all 16 polytechnics totals more than $185m.
"That is absolutely correct. That is a result mainly of the unified funding scheme that the previous Government brought in," Simmonds said.
Stuff
BRUTAL.
That was hardly a secret. That was one of the key rationales for setting it up in the first place, which isn’t even complete yet, and now won’t be.Newshub's been leaked financial statements showing all 16 polytechs are essentially broke.
The worst are Whitireia and WelTec, which are $28 million in deficit. Waikato Institute of Technology is $22.5m in the red, Open Polytechnic is not far behind on $22m and Toi Ohomai is nearly $21m. The deficit at all 16 polytechnics totals more than $185m.
"That is absolutely correct. That is a result mainly of the unified funding scheme that the previous Government brought in," Simmonds said.
Stuff
BRUTAL.
The Tertiary Education Commission summarises this in February 2023:
“The ITP sector was facing a number of financial and operational challenges as a result of a range of structural and external factors.
ITPs operated in a competitive model and were required to offer a broad range of locally relevant programmes, which impacted on overall viability.
Enrolments were also steadily declining over the preceding years, which resulted in several ITPs being under financial stress and more forecast to enter financial difficulties if no changes were made.
The previous ITP structure reported deficits in 2017, 2018 and 2019 with modelling at the time showing persistent and increasing deficits forecast in future years.”
Don’t tell me that after banging on about the spend on consultants the new Govt is employing Sir Bill as a consultant and then tries to sell it as independent.
The hypocrisy beggars belief
NZWarriors.com
I know. It would be like setting up an "independent" Tax Working Group headed by Michael Cullen (who lost an election on a CPT policy) to investigate whether NZ should have a Capital Gains Tax.
Or getting the IRD to investigate the top tax earners in NZ.... not to create policy based on it but to fill an information gap as to their worth.... and then have two of the three parties on the left use the report to justify their tax policies.
Or having a 3 Waters report which included centralising the water systems written by the gentleman who wrote the report that established Scotland's version of 3 Waters.
And then when there is actually some independence like with a Royal Commission, the Terms of Reference are often written in a way to either favour the current government or to find against the previous government.... the Terms of Reference for NZ's COVID response comes to mind. Or the ToR are written in such a way that the report will recommend what the government wanted in the first place by limiting what can, and more importantly for the required outcome, what can't be included in the Royal Commission's findings.
Whether we like it or not, it happens with every government.
It's all gamesmanship at our expense, and quite frankly, I'm sick of it!!!
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Not if you care about wasting money. Would be much better off in your pocket deciding how you spend it.
I'll remind you , this lot has only got in. They haven't had six years to fritter away billions. They may well do. The last lot did.
NZWarriors.com
Yeah, but the incoming government aren't doing that either - their 3 water plan is to kick it down the road for a few more years (source: ministry official)
So rates rise to $20k a year?
If you're worried about the middle spare a thought for the poor sods at the bottom.
NZWarriors.com
- Thread starter
- #3,713
Someone working 40 hours on minimum wage is almost in the middle now with lack of tax band indexing to inflation, isn’t it?
They would earn $47k and $48k jump’s them from the 17% to 30% tax rate. That just getting hammered!
A minimum wage worker doing an hours overtime a week thumped with 30% tax. No wonder they can’t get ahead. To me minimum wage should be on minimum tax rate - 10% not 30%
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- Thread starter
- #3,714
On your Waiheke mansion that’s a decrease isn’t it?
If it costs $15k per property per year to clean up water, won’t that exact same amount just need to be paid through taxes if the govt takes it over?
Better the rich landlords pay it than hammering the workers with more tax!
You do understand how progressive tax works right?
You only pay 30% tax on income above 48,000, not your entire income.
But I agree the no tax threshold should be much higher.
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NZWarriors.com
I suggest you read the business case as the investment would have had a positive impact upon the wider economy.
Michael Fear, Australian grandfather who's lived life of crime, deported to New Zealand despite not living here since he was 2
Michael Scott Fear, 57, was deported because of his extensive criminal history - despite being a resident of Australia since 1968.
www.newshub.co.nz
Hopefully luxon raised this sort of shit in his recent time in aussie or upcoming trips, 57 year old over there since he was 2 deported back.
So it would still end up a cost passed down to the renters/workers through rent increases anyway.
NZWarriors.com
The numbers can be pointed in what ever direction
Fact
The ferries are life expired
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