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Cash-strapped TAFEs given âletter of comfortâ to guard against insolvency Weâre sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement Five of Victoriaâs 12 TAFE institutes reported a deficit last year, despite each receiving millions of dollars in COVID-19 crisis support payments from the state government. The revenue woes have led the Andrews government to extend a 12-month funding guarantee to most of the stateâs TAFEs to ensure their viability, as some warn their post-pandemic recovery is uncertain. Former Holmesglen director Bruce Mackenzie say the government has failed to determine the true cost of running many TAFE courses. ....