Children's lives CAN become too regulated. All schools nowadays are more or less in charge of their own budgets. A well-run school will do more with the same amount of money. It is true that money is much scarcer in the state sector. State schools have to have strict priorities.
Some state schools manage to have excellent facilities like computers despite their small budgets.
But state schools do say that things are getting really too tight now. As for recruiting teachers - teachers do not always go where the money is. It is easy to find excellent teachers in the state sector. What matters is dedication along with their qualifications. Every member of the staff has one or more areas of responsibility and a budget allocation.