SCHOOLS Minister Peter Garrett has "more than a vague idea" about how the bill for school funding reform should be split between the commonwealth and states.
But he has no intention of revealing the federal government's hand before negotiations.
"You'll have a clear announcement from this government in the early half of next year once we've concluded our negotiations with the states and education authorities," he told ABC's Q&A program on Monday night.
Host Tony Jones asked the minister if he could give "even the vaguest idea" of the percentages being talked about.
"I've got much more than a vague idea but I don't propose to canvas those quantums, which we would be negotiating with the states, here on Q&A," Mr Garrett said.
He said discussions were well under way about how the final funding formula, based on the Gonski panel's recommendations, would work.
Prime Minister Julia Gillard has said she wants to sign a deal with the states and territories at the first COAG meeting in 2013, expected to be held in April.
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