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Funding for Victoria's​ schools

All Victorian students deserve the opportunity to go to great schools​​.

As part of the Education State, the Victorian Government is working hard to ensure Victorian schools give every child the best chance to thrive and succeed.

If the Commonwealth is serious about improving student learning outcomes, it needs to do its share. This is why Victoria is taking a strong stand against the Commonwealth’s school funding proposal.

The proposed funding deal means Victorian public schools could miss out on $500 million a year.

Funding for Victoria's schools

As our state grows, fairer funding for all Victorian schools will ensure Victorian students have the support they need to reach their full potential, no matter which school they attend.

Percentage of the SRS allocation:

  • 100% Private schools funding
  • 95% Public schools funding

Current investment in education

Since 2015-16, the Victorian Government has invested $10.8 billion across the education portfolios to make Victoria the Education State. This record level of investment has delivered Victoria’s best ever NAPLAN results in reading and numeracy in 2018, showing impressive outcomes that can be achieved when education is a government priority.

What additional funding means

In 2011, David Gonski developed a method called the Schooling Resource Standard (SRS)External Link to determine a fair funding level for all schools, based on the characteristics of a student.

Private schools will be funded under the Commonwealth’s proposed funding arrangements at the full SRS – in fact, some are already funded above this amount. However, the Commonwealth is proposing a deal that will see Victorian public schools not funded at the full SRS level.

Victoria already provides the majority of funding to Victorian schools.

The Victorian Government has committed to increase funding to provide 75 per cent of the SRS for public schools. Victoria is calling on the Commonwealth to increase its funding commitment from 20 per cent to 25 per cent of the SRS for public schools, so that both private and public schools are fully and fairly funded.

Reviewed 12 December 2022

Education

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