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Ben Carroll Signs $13B School Funding Pact Through 2034

By Drooid · Oct 22, 2026, 6:00 PM UTC · How we work

Summary

Story summary

Premier Ben Carroll signed a long-term school-funding pact with Prime Minister Anthony Albanese.
Victoria will lift its School Resource Standard share to 75 % by 2031, possibly 2029.
The Commonwealth will raise its SRS share to 25 % by 2034, adding $3.5 billion.
The pact adds over $13 billion Victorian spending and $2.5 billion federal funding.
AEU Victorian Branch president Justin Mullaly warned the timeline will short-change schools by hundreds of millions.

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Story summary

Premier Ben Carroll signed a long-term school-funding pact with Prime Minister Anthony Albanese.
Victoria will lift its School Resource Standard share to 75 % by 2031, possibly 2029.
The Commonwealth will raise its SRS share to 25 % by 2034, adding $3.5 billion.
The pact adds over $13 billion Victorian spending and $2.5 billion federal funding.
AEU Victorian Branch president Justin Mullaly warned the timeline will short-change schools by hundreds of millions.