The Department for Education has announced that schools in Cornwall will receive £4.9m out of £390m extra pupil funding.
Cornwall will be one of the 64 local authorities nationally see an increase in funding.
Before today’s announcement, schools in Cornwall were underfunded by roughly £154 per pupil against the national average, said cabinet member for children schools and families Andrew Wallis.
Mr Wallis said: "Today’s extra funding will see an increase of £75 per pupil to £4,472. This rise will be from 2015/16. There is a slight caveat on this, as this amount is subject to final approval in October when the 2014 school census is finalised.
"The council, my colleagues and myself have long argued for better funding for our schools, and today's announcement is a huge step in the right direction on fairer funding.