Overview

• The federal government and New South Wales have agreed on a $4.8 billion funding boost to fully fund public schools by 2034, meeting the Schooling Resource Standard (SRS).
• This deal follows similar agreements with six other states and territories, leaving Queensland as the only holdout ahead of the federal election.
• The agreement increases the federal contribution to 25% of public school funding, up from the previous 20%, with states covering the remaining 75%.
• Funds will be tied to specific reforms, including evidence-based teaching practices, mental health support, and individualised student assistance.
• Critics highlight the decade-long rollout timeline, meaning many students will not benefit from full funding during their schooling years.