A "funding formula" refers to a specific method or calculation used to determine how money is distributed or allocated. It helps decide how resources or funds are divided among different individuals, organizations, or projects. Full definition
Conservative safe seats, including several represented by senior party members, will be the worst - off under the government's proposed new national schools funding formula. (schoolsweek.co.uk)
Finally, the white paper outlines our plan for a new national funding formula for schools. (schoolsweek.co.uk)
How does this $ 1 dollar an hour increase fit with the current changes to previous wage enhancement grants as a result of the new funding formula for local service managers? (aeceo.ca)