Thanks, Mr. Chair. The way the formula works in terms of the grant from Canada is it does look, as you note, around our own-source revenue and those sorts of things, but, to take out the fluctuation, it uses a moving average of a couple of years of critical data in terms of the escalators that are built into the formula. So sometimes you will see it both going up, and sometimes you will see it going the other way, but it is to smooth it out, and that is part of the reason why you would see the scenario that you are talking about. In terms of the grant itself, it is a three-year moving average, and it uses, actually, lag data, so it's from data from two years previously so that you have lots of time to plan for what you know what your formula is going to be. That is part of the reason that you see the pattern that the Member described. Thanks, Mr. Chair.
Mr. Stewart on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 6th, 2019. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
March 6th, 2019
Page 5226
Stewart
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