Victorian public school funding is locked in until 2034 after the Albanese and Carroll Labor governments signed a long-term agreement that will keep money for state schools rising over the next decade.
A bigger federal share
Under the agreement, the Commonwealth’s contribution to the Schooling Resource Standard (SRS) will rise from 20 per cent to 25 per cent by 2034. That means an extra $3.5 billion in federal funding for Victorian public schools over the next decade.
More money from Victoria
Victoria has committed a further $4.9 billion to lift its own share to 75 per cent of the SRS. That sits within a larger total: more than $13 billion in additional state government funding for public schools above 2026 spending levels.
What Victorian public school funding is tied to
The extra money comes with strings attached. Victoria has signed up to reforms including Year 1 phonics and numeracy checks to catch children who are falling behind, individualised learning support such as small-group teaching, changes to support student wellbeing, measures to reduce teacher and school leader workloads so they can spend more time teaching, and steps to improve teacher recruitment and retention.
A national picture
With Victorian public school funding now locked in, the federal government has long-term funding agreements with every state and territory, putting every public school in the country on a path towards full and fair funding.
Read more: SEC finds an estimated $440,000 a year in power savings for 21 Victorian schools
General information only, not legal advice. Check the official source before acting.
Source: Department of Education. Licence: CC BY 4.0.
