I would like to thank the Minister for that. My understanding was, and look, I'm not an expert on the territorial formula funding arrangement, but my understanding was that, if we introduce a new tax, we get to keep the revenues from that for the first three years and then it gets rolled into our base and sort of clawed back through the arrangement. Is there going to be the ability to change that sort of provision of the arrangement, so that we get to keep more of our own source revenues in the future?
Kevin O'Reilly on Question 255-18(3): Renewal of Territorial Formula Funding
In the Legislative Assembly on March 13th, 2018. See this statement in context.
Question 255-18(3): Renewal of Territorial Formula Funding
Oral Questions
March 13th, 2018
Page 3828
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