Labor released a website during its election campaign to allow voters to check on how much extra funding its school would receive after the party released its plan to ensure every school received more funds.

The calculator shows that Launceston College is set for a $1.3 million funding increase over the next three years, if Labor is elected to government on May 18.

However, Newstead College will only receive $560,000 over the same time period.

A Labor spokesman said the party would "always choose schools and hospitals, not banks and multinationals."

"That's why Labor will give every child, in every school in Bass the best start in life."

IN OTHER NEWS:

It's understood the funding increase would be allocated from savings from Labor's plan to cut tax breaks for "the top end of town" or the high income earners.

However, it is also understood the calculator works on student enrolment numbers and demographic.

Data from the MySchool website shows there are 1419 students at Launceston College, compared to only 556 at Newstead College. Launceston College has 118 teachers while Newstead College has 54 teachers.

Viability concerns about Newstead College were raised by Windermere Independent Ivan Dean in Parliament in March, after he revealed the college had experienced a 25 per cent drop in enrolments.

The college's main feeder schools, Queechy and Brooks High schools are making the transition to years 11 and 12 under the state government's school extension program.

In addition, Newstead College is a college of choice for many students with a disability, because of its dedicated disability learning centre and accessibility.

"Scott Morrison and the Liberals have cut $14 billion from public schools, while planning to spend $77 billion on the wealthiest 4 per cent of Australians," the spokesman said.

"Labor will reverse the Liberals cuts to public school funding and ensure all schools have the resources they need, we can do that by not spending $77 billion to the top end of town."

Launceston College will receive the biggest cash splash among the schools in Bass if Labor is elected.

The next closest is Riverside High School, which is anticipated to receive $660,000 in the first three years.

Funding increases for the schools in Bass are on average between $200,000 and $500,000 over the first three years.

Schools in Lyons are expected to receive $8.5 million if Labor wins the election on May 18.

While you're with us, did you know you can now sign up to receive breaking news updates direct to your inbox? Sign up here.