You may recall that in my last post I pointed out that the latest Youth Guarantee funding conditions are not workable.
The 2019 funding conditions 4.1 and 5.4 contradict each other.
- 4.1 defines 1 EFTS as 100 credits.
- 5.4 defines 1 EFTS as 120 credits.
This bizarre situation is as a result of a well-meaning but flawed policy change designed to deliver 20% more funding to YG providers. However, in practice it will significantly reduce funding for certain YG providers – especially the more successful. I know of one case where it could result in a cut of nearly 60%.
TEC has been promising to resolve the anomaly since December 2018 but, despite acknowledging that a solution is urgent, there has been no action.
This is where my good idea comes in. YG has been around since 2012. TEC took until 2018 to recognize that funding was insufficient. So, pending finding a way of delivering 20% more funding without disadvantaging some providers, TEC should make a one-time payment equal to 20% of the funding delivered to providers from 2012 to 2018.
After all TEC is very quick to claim back overfunding. It would be only fair for TEC to make up underfunding.