So much for needs-based school funding

Advertisement

The initial Gonski report from 2011 was intended to clean up Australia’s opaque and confusing school funding structure, as well as to build a new needs-based funding model.

This was to be accomplished by instituting a “base rate” level of financing per student known as the Schooling Resource Standard (SRS), with additional loadings added on top based on a variety of equity characteristics.

Instead, the former Labor Government sabotaged the execution by striking special deals with several jurisdictions and promising that no school would lose money as a result of the scheme.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.