Financing ideas for principals

ECONOMIST JEREMY STEPHEN has handed principals of Barbados’ public secondary schools a basket of ideas for funding their own school operations in light of Government’s current cash-strapped position.

The president of the Barbados Economic Society told the principals with a proposed budget cut of $4 million for secondary education over the next three years, proposed in Government’s last Estimates, the schools would have a financing gap.

He therefore suggested alternative funding avenues such as remittances, levies, diaspora bonds, endowment funds and an education venture fund.

Stephen offered his solutions at the annual general meeting of the Barbados Association of Principals of Public Secondary Schools at Hudson Hall at the Barbados Defence Force this morning. His topic was Alternative Funding for Education. (GC)