Premier Gladys Berejiklian announced the Resource Allocation Model (RAM) funding today, which is provided on top of a school’s base allocation, and can be used for more teachers, literacy and numeracy programs, and teacher training.
"I want to ensure every child in NSW has the opportunity to be best they can be, no matter where they live or what their circumstances may be," Ms Berejiklian said.
"This funding will support the NSW Government's education reforms including overhauling the NSW curriculum and making sure we have the most skilled teachers at the front of the classroom."
The allocation of RAM funding recognises the needs of schools across NSW differ and takes into account the socio-economic profile of students, Aboriginal student numbers, students with disability and English language proficiency.
It is in addition to the schools’ base allocation funding which is more than $8.8 billion this year.
Education Minister Sarah Mitchell said the funding certainty allowed schools to plan for 2021.
"The allocations are part of a total of $10.1 billion in annual funding being delivered to public schools for 2021, supporting our students and improving their learning outcomes," said Ms Mitchell.
"I want to see this funding improve outcomes for our students. Schools have enhanced financial tools that allow them to build this money into their school plans so that students receive more of the benefit."
The NSW Government is working towards creating Australia’s best education system and providing students with world-class education no matter where they live.