in extra funding amid calls to end 'out of control spending'
Te Pūkenga – the organisation that now runs the country’s polytechs – needs a further cash injection of almost half a billion dollars, according to figures seen by Stuff.
A yet-to-be-published business case from the Crown entity says its “preferred option” is for a further $422.6 million over four years from 2023, including $285.8m to integrate IT systems, $60m for ‘transformation programme management’ and $26.8m for ‘people change costs’.
The document also outlines an option where 487 full-time equivalent (FTE) staff will be made redundant by 2026, with 104 losing their jobs by the end of next year.
Te Pūkenga is forecasting a $63m deficit for 2022 and is looking to make savings of around $35m.
Link to video and article: Te Pūkenga needs almost $500m in extra funding amid calls to end 'out of control spending' | Stuff.co.nz
