Teachers federation-commissioned report says 28 schools overfunded by more than $1m each and public schools underfunded $2bn a year
government is overfunding well-off private schools by hundreds of millions of dollars while underfunding the state’s public schools by billions a year, according to a new report., estimates the government will overfund private schools by around $850m between 2019 and 2023.
The report, compiled by economist Adam Rorris, found 28 private schools had been overfunded by more than $1m in 2021.The largest amounts went to Barker College, William Clarke College and Oakhill College Castle Hill, which were each overfunded by more than $2m. The report found that nearly two-thirds of the 367 private schools included in its study were overfunded by the NSW government in 2021, while 35% received the same as, or less than, their SRS entitlement.
About 80% of independent schools’ SRS entitlement is provided by the federal government while the remaining 20% comes from state coffers. The shares are reversed for public schools., said the most overfunded schools were the ones that needed the extra money the least. But the Association of Independent Schools of NSW’s chief executive, Geoff Newcombe, said the report neglected to highlight that more than 100 independent schools received less than their SRS entitlement from the state government in 2021.“The Teachers Federation knows full well that independent schools are in this situation through no fault of their own … the goalposts moved when the government changed the funding model several years ago,” Newcombe said.
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