Major shake up of funding for Cumbria schools
Last updated at 15:57, Tuesday, 18 September 2012
SCHOOLS across the county are facing “significant financial challenges” in a major shake up of their budgets.
Primary and secondary schools face uncertainty over their future finances in the Government-prescribed funding change.
Some schools could potentially lose up to 31 per cent, while some could be budget winners, gaining up to 25 per cent.
The government is shaking up a formula used to work out how much cash individual schools get from the central funding pot that comes from the government, but is administered locally by Cumbria County Council. In Cumbria that pot is worth around £260m a year.
There will be a two year transition period during which no school’s budget could decrease by more than 1.5 per cent. The full effect will not be felt until 2015/16. Based on the council’s financial models a lump sum of £70,000 per school would minimise the number of schools that would see significant changes.
First published at 09:00, Tuesday, 18 September 2012
Published by http://www.nwemail.co.uk
Have your say
Can someone please explain why Cumbria CC allocates a budget to Furness Academy. I thought that it was funded direct from government, not from the county council.