Three Greek Orthodox private schools in Sydney, New South Wales, are set to have their government funding increased from 2024-2029, according to analytics presented by The Sydney Morning Herald (SMH).
The analysis shows that St Euphemia College in Bankstown will have its funding raised by $2153, from $12,757 to $14,910 over the 2024-2029 period.
All Saints Grammar in Belmore is set to have its funding increased by $1880 from $10,983 in 2024 to $12,863 in 2029.
Funding for St Spyridon College in Kensington will be afforded $1624 more, going from $9,562 in 2024 to $11,186 in 2029.
Despite this small funding boost, other private schools are shown to have cuts in the coming years. These include the Athena School in Newtown, Northern Beaches Christian School, St Augustine’s College in Brookvale and MLC School in Burwood, which are set to lose more than $2000.
According to the SMH, 30 NSW schools are set to lose funding, while another 66 will see reductions in their School Resourcing Standard (SRS) percentage, according to Senate estimates.
The SRS formula, part of the Gonski reforms, calculates government funding for each school.
Private schools receive a “capacity to contribute” score based on family income, lowering their base SRS. While the federal government covers 80% of private school SRS, NSW funds the rest.
For state schools, NSW is the primary funder. Overfunded independent schools will have their funding gradually reduced until 2029.
Source: Sydney Morning Herald.
