The annual budget of a state-run college in New South Wales is expected to be significantly higher than the one it received in the previous financial year, due to the economic slowdown.
The $1.2 billion grant for the Grove City College in the Hunter Valley will be increased from $1 billion to $1,350 million.
Grove City College, which has been running at around $2.4 billion a year for the last eight years, will receive an additional $1 million from the state government.
Groove City College said it would not comment on the specifics of the grant.
It was not immediately clear how much money the college received.
Groves Valley College, in the southern state of Victoria, has been facing financial problems for several years, with the state recently raising its levy on the school.
In April this year, the state council approved an increase in the levy from $8 million to $15 million.
In the financial year ending in March this year there was a further $2 million increase, with an additional levy of $3.5 million, the State Government said in a statement.
In September, the board of governors approved a levy of at least $2 billion for the state’s colleges.