Finance

Victoria's Premier Ben Carroll Aims to Overhaul Education Funding for Public Schools

Premier Ben Carroll is pushing for a 5% increase in education funding to meet Gonski standards, addressing inequities in Victoria's public school financing.

Aug 08, 2026 ● 3 min read
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Funding Reform Under New Leadership

Recently appointed Premier Ben Carroll has committed to revitalizing Victoria’s education funding to align with the federal Gonski standards. This move signals a pivotal shift in how the state, currently lagging in educational funding, addresses its financial obligations to public schools. At present, Victoria covers only about 70% of the agreed School Resource Standard, while the federal contribution stands at a mere 20%. Such disparities put the state at a disadvantage nationally, and Carroll's remarks indicate a determination to change that narrative. This isn't just about addressing funding gaps—it's about redefining priorities. Year after year, education funding has become a recurrent topic of debate, with critics highlighting that inadequate financial support hampers student performance, particularly in low-income areas. Carroll’s commitment suggests a recognition that funding is not merely an accounting issue but rather a fundamental lever for social equity. In a key strategy to access additional federal support, the premier emphasized that if the state increases its school funding by 5%, the Australian government would match this increase under the "Better and Fairer Schools" agreement, a benchmark established by the Gonski review back in 2012. Gonski was designed to guide states toward providing equitable funding across various school types, and we're still feeling the effects of lagging compliance nearly a decade later. Carroll's approach is not only timely but indeed necessary, as the 2034 deadline for compliance looms closer. Previous administrations faced criticism for not advancing this crucial agreement, leaving Victorian schools shortchanged by an estimated $2.4 million over three years. This shortfall needs urgent rectification, and Carroll's bold assertion reflects a commitment to make that happen.

Election Timing and Political Context

As Victorians prepare to head to the polls on November 28, the new premier is keen on demonstrating his commitment to educational reform. Public sentiment is growing, and voters have become increasingly vocal about their demands for better funding. During a recent interview, Carroll reiterated that he’s discussed financing with Prime Minister Anthony Albanese and aims to finalize funding mechanisms before election day. His assertion, "My priority is delivering full and fair funding for our public school kids," underscores a commitment to educational equity. This is especially salient for the state’s disadvantaged youth, who predominantly attend public schools—often at double the rate of their peers in non-government institutions. The political landscape adds a layer of complexity to Carroll's agenda. There’s substantial public demand for increased funding and support from teachers' unions, which have intertwined this issue with ongoing pay disputes. And here's the thing: if he fails to secure meaningful reform, backlash from constituents and educators could jeopardize his administration's credibility. Carroll's administration has the opportunity to reset community expectations around school funding and educational outcomes. While the political timing is tightly correlated with impending elections, there’s genuine potential for change. Advocating for educational investment could become a cornerstone of his campaign, setting a promising agenda for the future if political momentum can be maintained. His prior experience as education and youth justice minister positions him to prioritize education effectively. By focusing on funding, he hopes not only to bolster school systems but also to harness education's transformative capacity as a remedy for social inequities. If you're working in this space, this combination of funding reform and educational effectiveness could pave the way for increased civic engagement and accountability in the long run.

Implications and Future Outlook

What this means for Victoria's educational landscape could be significant. Successful reform could alleviate some of the chronic underfunding that has plagued public schools, potentially enhancing student outcomes and narrowing achievement gaps. An increase in state funding, matched by federal support, creates the possibility for a more equitable education system. But this transformation won’t happen overnight. Carroll’s plans must account for various logistical challenges, including the implementation of the additional funds and the need for transparency in how they’re allocated. Will these funds reach the schools that need them most? There's ample skepticism around whether such plans usually translate into real, on-the-ground changes. Moreover, Carroll's initiatives could set a precedent for future state and federal interactions concerning education funding across Australia. If successful, they might inspire other states to pursue similar agreements, potentially leading to a unified approach to educational finance reform. Companies operating within the education sector should monitor these developments closely. The stakes are high—both for Carroll's political future and for the students who depend on these funds. Tangible change is the ultimate measure of success here, and it remains to be seen whether Carroll's promises can translate into educational improvement or become just another political talking point. (And this is the part most people overlook: the gap between policy intentions and actual outcomes can be yawn-inducing.) This is more significant than it looks, and it’s a narrative that's just beginning to unfold.
Source: Richard Willingham · www.abc.net.au

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