Monday, August 4, 2008

Continuing underfunding of Catholic schools exposed

Source: Sykes Media Release
The Brumby Government’s underfunding of Catholic schools was further exposed in Parliament this week in a debate initiated by Nationals MP for Eastern Victoria, Peter Hall.

Local Nationals MP, Bill Sykes in strongly endorsing Mr Hall’s comments said, “Figures provided to me by the Minister for Education 12 months ago confirmed that students attending Catholic schools in Victoria receive State Government support which is well below the national average.

This week in Parliament, Mr Hall, quoting from The National Report on Schooling in Australia 2006, highlighted that Catholic students receive $1,283 per year compared with the Australian average of $1,666.

Dr Sykes continued, “The impact on local Catholic schools of this continued underfunding is significant. It means that Catholic schools have to self fund important services such as support for students with special needs (State schools are funded $15,000 per student with special needs whereas the corresponding amount for Catholic schools is $5,000).

“Claims by the Government that they have increased funding for Catholic schools by 60% are not disputed – the problem is that costs have risen by 69% over the same period leaving the schools 9% worse off in real terms.

“The Brumby Government’s response to this situation is to say, “It’s the parents choice – they can pay higher fees”.

“This ignorant and callous response ignores the financial hardship being experienced by many Catholic families (along with non Catholic families), especially in country Victoria.

“22% of students in Victoria are educated at Catholic schools – this results in a significant saving to the Victorian taxpayer.

“The least the Brumby Government could do is to increase State Government grants for Catholic students to the Australian average.”

Dr Sykes concluded, “The Liberal-National Coalition solution to this injustice is for an extra $390 million to be allocated to Catholic schools over the next four years. I call on Mr Brumby to adopt the Coalition policy.

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Monday, July 28, 2008

New information for home buyers and retirees

Source: - Bill Sykes Media Release - 23 July 2008

Two new booklets have been put out by the Australian Bankers’ Association as a service to members of the community.

Planning for home ownership booklet available from Bill Sykes office

The Planning for Home Ownership publication looks at the range of issues associated with buying a home, including how to decide on the property you want, how much you can afford, how to finance your purchase, and what is the right time to buy.

The process of both buying and selling will be covered, with advice on how to get the most out of your home once you have bought it.

Understanding retirement is another big issue facing Australians.

Life expectancy has increased dramatically; for example, a 55 year-old man today has a life expectancy of around 26.7 years, giving a total life expectancy of 81.7 years. A 55 year-old woman today has a life expectancy of around 30.4 years, giving a total life expectancy of 85.4 years.
That means there is a longer period in later life that needs to be funded, after a person finishes working.

Planning for retirement booklet also available from Bill Sykes office

The Planning for Retirement publication provides advice and information about what to expect and how to plan for it.

As the booklet says: “Like it or not, money is just as important in retirement as it is during your working life - perhaps even more so, as you no longer derive a regular income from employment. The good news is that by planning ahead, you can ensure that you are well placed financially to have the lifestyle you want and enjoy the final stage of your life.”

They are available direct from Bill Sykes office at 2/55 Carrier Street, Benalla or by telephoning 5762 2100, or on line at The Australian Bankers Association website.

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