Victorian Public Schools Underfunded by $1.7 Billion Due to Loopholes and Accounting Tricks

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Victorian Public Schools,Underfunding,Loopholes

Victorian public schools were shortchanged more than $1.7 billion last year under little-known loopholes and accounting tricks that economists warn are still allowing the states to underfund public schools.

Victorian public schools were shortchanged more than $1.7 billion last year under little-known loopholes and accounting tricks that economists warn are still allowing the states to underfund public schools.

The Commonwealth heads into critical negotiations with the states and territories for new funding deals this year and federal Education Minister Jason Clare has vowed to fix the funding gap that has left almost all the nation’s public schools underfunded and most of its private schools overfunded. The Gonski reforms of more than a decade ago were supposed to fund schools according to need. But a Coalition-era watering down of the agreements mean the states, which cover the majority of public school costs, only have to show they are on a path to eventually reaching 95 per cent of the minimum agreed resourcing requirement, known as the Schooling Resource Standard (SRS). The states, including Victoria, have been calling on the Commonwealth to fill the “missing 5 per cent” of that mone

Victorian Public Schools Underfunding Loopholes Accounting Tricks Funding Gap Gonski Reforms Coalition-Era Funding Deals

 

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