The NSW Premier has announced that NSW will implement the Gonski national education reforms, securing $5bn in additional funding for NSW schools. Mr O’Farrell said the NSW Government had identified the id=”mce_marker”.7bn in savings needed to fund the State Government’s share of the reforms [the Commonwealth would provide $3.3bn].
He said Cabinet had agreed to fund NSW’s share through, among other things, temporarily deferring the abolition of Inter-Governmental Agreement taxes [this agreement was made in or about 1999].
Source: NSW Premier’s media release, 23 April 2013
[LTN 77, 24/4/13]