School funding policy in Australia not only promotes educational equity in some ways but also creates substantial between-school resource inequalities due to its embrace of market ideologies. School funding policies are designed to promote school choice and competition, based on the assumption that they are both a right and an effective lever for…

This paper proposes a taxonomy of school funding formula elements which distinguishes between funding based on individual student needs and the needs of populations of students based on particular characteristics or labels. This builds on the theoretical approach proposed by Caldwell, Levacic and Ross (1999) where school funding formulae can be…