To work toward a fairer school system, the Victorian Government is changing the way funding in our schools is allocated and has committed an additional $566 million over four years for the students who need it most. This is a more than a 70 per cent increase in Equity Funding.
This will ensure that all students have the opportunities they need to succeed regardless of personal or social circumstances.
How are our government schools funded?
The main source of funding for our government schools is distributed through the Student Resource Package (SRP). Most of the money included in the package is Core Student Funding, which is worked out based on enrolment numbers, stages of learning and the school’s location.
The SRP also includes Equity Funding, which provides additional money for schools with students who face extra barriers to education. This helps ensure that we are providing appropriate funding to support students and schools that need it most.
Equity Funding might be used to:
- create a safe, stimulating and supportive school environment by expanding health and wellbeing support and implementing homework clubs
- ensure time in the classroom is as effective as possible through small group or one-on-one teaching, engaging high-performing teachers in a particular curriculum area, or increasing specialist skills for teachers
- link schools with communities through parental outreach programs, or community partnership roles for school leaders.
How is the SRP changing?
From 2016, Equity Funding will better target resources to the needs of students.It will be more transparent and will be listed on the school budget in the following breakdown:
- Social Disadvantage funding provided to schools to support students who face extra barriers to education. From 2016 this funding will more effectively target social disadvantage. The new approach incorporates both individual factors of disadvantage and the concentration of disadvantage in the school. This will be measured by parental education in addition to parental occupation, as this combination is a more accurate predictor of social disadvantage.
- Catch Up funding provided to students in secondary school who did not meet the national minimum NAPLAN standard in reading in Year 5.
- Supplement and Transition funding ensures that every government school in Victoria will receive at least $5,000 more in Equity Funding in 2016, and are supported as needed during the transition to this new approach.
What does it mean for my child/school?
These changes are a record investment in our students and the biggest ever investment in Equity Funding. No school will miss out — every school will receive at least $5,000 more in Equity Funding in 2016.
The extra money will help schools to support children in overcoming barriers to a successful education.