But the council, famed for its low council tax rates, said it would only pass on 94 per cent of education funding to schools and would not increase its council tax this year.
Council leader Edward Lister said: "Ministers cannot set every individual school budget in the country."
A spokesman from the Local Government Association said: "A council should be free to set their own budgets and council tax, free from central government."
Wandsworth council faced criticism from local voluntary groups earlier this year after it cut funding to a number of services (News, 21-27 January).
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