The much-anticipated and long-awaited update to the My School website went live last Friday.
For the first time, parents can now view schools financial data; including each institution’s 2009 recurrent income and capital expenditure, which is displayed and broken down by source of funding.
Amid a flurry of criticism, comparison and creative number-crunching, independent auditing revealed little difference in spending between private and public schools.
An analysis of the financial data conducted by auditing firm ‘Deloitte’ for ACARA says, 90% of students across the country attend a school spending between $7,400 and $18,800 on each student.
About half the students attend a school that spends between $7,400 and $10,800, while 39% have between $10,800 and $18,800 spent on them.
However, the schools spending the most money are not the elite, high-fee private schools - but mostly government schools in remote areas, those with fewer than 100 students or teaching students with disabilities.
Minister for Schools, Peter Garrett, has defended the funding discrepancies between schools - stating the size of funding fluctuated depending on schools’ needs.
By comparing private schools with statistically similar public schools, My School 2.0 also reveals that some public schools - which have half the annual income per student of independent schools - are achieving NAPLAN results which are on par with, or in some cases better than, private institutions.