Here’s How Much Funding Your School Is Losing (or Gaining) in the 2017 Budget

It’s not just the university sector that’s getting an overhaul in tonight’s budget.

This evening, Treasurer Scott Morrison will take to tele screens to let us know where our taxpayer dollars are going for the 2017/18 financial year.

Of course, if you’re not thrilled by the prospect of spending an hour with ScoMo on the ABC, GO! is running the 2001 techno-thriller Swordfish, starring John Travolta’s wig. So, you have options.

But if you’re a student in the 2017/18 financial year, the budget announcement is a big deal.

Last week it was revealed that the new budget will likely introduce an increase to uni fees and lower the repayment threshold to around $42,000, from its current level of $54,869.

But school funding is getting a makeover too. The Turnbull Government is set to spend an extra $18.6 billion on education over the next ten years, using a new model of Labor’s proposed needs-based funding system, rechristened Gonski 2.0 (after businessman David Gonski, who chaired the original report examining Aussie school funding).

Curious what changes are in store for your school? The government has created a School Funding Estimator that allows you to see exactly how much your school is losing or gaining between now and 2027. Take a look.

According to the ABC, more than 4,500 schools will see a funding growth of at least five per cent; a further 251 schools will see their funding increased by 2.5 per cent or less.

However, at least 24 schools from New South Wales, Queensland and the ACT will see their government funding per-student reduced.

Again, see how your school fares here. Tune into the ABC at 6pm EST tonight for more. And remember to DVR Swordfish.

Photo: iStock