The NSW Government is introducing a new funding model for all NSW public schools that is simpler, fairer and more transparent.
The funding model is a key part of a broader education reform called Local Schools, Local Decisions, which places students at the centre of school decision-making.
It gives principals and their school communities a greater say over how they allocate and use their available resources to best meet the needs of their students.
When fully implemented, schools will manage more than 70% of the state public school education budget, an increase from the current 10%.
Improving learning outcomes
There is strong evidence that the strategic allocation of resources is one of the key ways in which school leaders can have a significant and positive impact on student learning outcomes.
To enable the shift of funding to the school level, we have developed a new Resource Allocation Model (RAM).
Five principles underpin the development of the RAM.
The RAM is:
- based on student and school needs
- evidence based
- moving funds to schools efficiently and transparently
- providing certainty for schools
- sustainable and adaptable.
The RAM will be implemented in phases from 2014.
VIDEO: RAM explained.
Find out more information about the Resource Allocation Model.