Private schools warn they will lose out despite extra $286m taxpayer fund Normal text size Catholic and independent schools will share in $286 million transition fund. Coalition of independent schools is warning changes threaten their viability. Advertisement Catholic and private schools in Victoria will share in an extra $286 million from taxpayers as they shift to a new Commonwealth funding model that some non-government schools warn will leave them up to $4 million worse off. Regional and suburban schools including Bacchus Marsh Grammar, Beaconhills College, Ivanhoe Grammar, Westbourne and Woodleigh say the Morrison government’s new non-government school funding formula will force them to jack up fees and drive many students to state schools.