CANBERRA, Aug 4 - Victoria has reached a deal with the Federal Government on school funding. Queensland, Western Australia and the Northern Territory are  yet to sign up to the Federal Government's Better Schools plan. Prime Minister Kevin Rudd made the announcement in Brisbane on Sunday morning. Federal Education Minister Bill Shorten will speak to the media in Melbourne with his state counterpart at 11.15am (AEST) today. The national schools plan worth $14.5 billion over six years from 2014 is based on the Gonski panel recommendations to fund schools based on a per-student amount with loadings added for disadvantage. Finance Minister Penny Wong said the education reforms are critical to Australia's economic development in the future. She told ABC Television she rejects suggestions Victoria's decision to sign up was linked to the Federal Coalition's policy u-turn to support the package. Shorten told reporters in Melbourne the deal was worth $12.2 billion in extra money for Victorian public schools over six years. The Commonwealth will chip in $6.8 billion and the Victorian Government $5.4 billion. Shorten said 78 per cent of Australian school students were now covered by the school funding plan. He fired a shot at those governments still refusing to sign up over fears of a "Canberra power grab". "People across the political divide including my Liberal counterpart here ... have said we want to be part of this," he told reporters. "What matters here is not politics but the interests of school children." Mr Abbott said the coalition supported the quantum of funding, but without the strings attached. Schools would benefit from greater principal autonomy, better teaching, more community engagement and a stronger curriculum - not just more funding. The coalition decided that even though Labor's plan didn't reflect the original recommendations of the Gonski review, schools needed certainty for next year and beyond. "Kevin Rudd and I are on an absolute unity ticket when it comes to school funding," the Opposition Leader told reporters in Sydney on Sunday. "The difference is how the money's spent." A spokeswoman for Queensland's education minister John-Paul Langbroek later said the announcement about Victoria came as a surprise. Queensland would be prepared to sign up if the same deal was offered, she told ABC TV. AAP