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the 45 % increase is not good enough, in light of the fact most of the funding will not make it to the migrate workers (as you noted already)
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The school I work at(international school for the children of expat executives) is currently involved in a fundraising project to pay school tuition for young girls in rural Jiangxi. The cost of a years tuition is less that I can get away with spending on a night out with the Mrs., but 20 or 30 USD is keeping plenty of children out of school. That just isn't right in a country with aspirations like China has.
Something that I find very interesting is that many people in the new urban middle and upper class here are either unaware or choose to ignore the fact that the bulk of China's population is still very poor. Many of my wife's friends who live in new high rise apartments and drive new cars are apparently convinced that everyone in China lives the same way they do. Some of them completely deny that they are well off, saying, "everyone lives like this."