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 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