«Under this arrangement, local governments will be operating completely under the states, while
revenue allocation formula should be reviewed upwards in favour of states to about 35 per cent,» he said.
There is also a need for corresponding review of the Federal
Revenue Allocation formula to empower the states to fulfill their obligations.»
Can the Federal Government initiate moves to review
the revenue allocation formula in favour of states to enable them pay the proposed new minimum wage?
Aliero said, «The Senate observes that the present
Revenue Allocation Formula has been in operation before the commencement of this democratic dispensation in 1999; it is aware that there is no extant Act of the National Assembly accepting the present
Revenue Allocation Formula, which means the formula in use now is unconstitutional;
It is also illustrated in the long list of matters dedicated to the federal government in the exclusive legislative list and in
the revenue allocation formula which gives 52 % of national revenue to an incompetent and remote federal government, which in effect operates as a feudal bureaucracy with an «emperor», «sheik» or «king» at its head!
Ambode cited issues to be considered by the joint committee to include devolution of powers, Land Use Act, state policing, a review of
the revenue allocation formula and according Lagos State a special status.
Not exact matches
«Because of the continued
allocation of funds from the Barnett
Formula [used to allocate Scotland's share of the UK budget], and because of the power to raise
revenue within the Scottish Parliament, then the final decision about what we spend on the NHS is not going to be made by anyone outside Scotland.
Most federal education funding
formulas allow states to set aside, or reserve, a small portion ranging from 1 percent to 5 percent of state
allocations to implement programs and support districts.13 Even though 95 percent to 99 percent of funding flows to school districts, these set - asides are a significant source of SEAs»
revenue.
In addition to determining the amount of funding school districts will receive under school finance
formulas, many state
formulas also address the
revenue sources that will fund those
allocations.
Though the actual
allocation mechanism can take a couple of different forms, the goal of these
formula elements is to equalize access to school
revenues among districts to some degree by compensating for differences in the local
revenue capacity of a particular locale.
Had the program been implemented as a fixed - price sale of allowances at the original price expectation level — with
revenue allocated according the same
formula that was adopted for allowance
allocation — the program would have been no less politically viable and the regulatory incentive might have motivated widespread deployment of the best available control technologies, resulting in up to 20,000 fewer premature deaths annually.
But any allowance
allocation formula — including free
allocation — can be applied equally well to the
allocation of tax
revenue.
These software packages don't eliminate the effort previously discussed to devise
allocation formulas for
revenues and expenses and ensure data integrity for groupings of matters into other sub-units, such as practice areas.