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1. For the purposes of this Schedule—
(a)a council’s wealth means its share of the Northern Ireland gross penny product, as calculated in accordance with this Schedule;
(b)a council’s needs means its share of the Northern Ireland adjusted population (including the additional needs of a council) as calculated in accordance with this Schedule.
2. The formula to determine a council’s entitlement to rates support grant shall be—
Wealth | Needs |
3. To calculate the proportion of rates support grant payable to a council, the total of negative variances shall be calculated and each council’s negative variance (if any) expressed as a percentage of the total.
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