School Property Funding in New Zealand
AbstractNew Zealand’s special funding system allows state schools a greater level of independence in managing their property compared to most other countries. Schools receive a fixed budget as an entitlement from the three “pots” of the educational property funding structure. The government’s unique use of accrual accounting together with a new Five-Year Property Plan agreement gives schools a high degree of certainty of the property funding available, as well as responsibility for deciding how to modernise their own buildings.
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Bibliographic InfoPaper provided by OECD Publishing in its series PEB Exchange, Programme on Educational Building with number 2004/12.
Date of creation: Oct 2004
Date of revision:
New Zealand; financing; maintenance; management;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-08-26 (All new papers)
- NEP-EDU-2006-08-26 (Education)
- NEP-HRM-2006-08-26 (Human Capital & Human Resource Management)
- NEP-URE-2006-08-26 (Urban & Real Estate Economics)
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