F-2.1, r. 11 - Regulation respecting the equalization scheme

Section 61.3 Disposition versions

2016-06-23

61.3. The adaptations to the first application of sections 4 to 32 are based on the equalization formula that applied to the fiscal year 2015. The adaptations are as follows:

(1)  by replacing “80%” in subparagraph 1 of the first paragraph of section 4 by “90%”;

(2)  by replacing “$37,705,000 under the first part and $22,295,000” in the first paragraph of section 18 by “$42,905,000 under the first part and $17,095,000”;

(3)  by replacing “80%” in subparagraph 1 of the first paragraph of section 22 by “90%”.

Each of the equalization amounts computed in the first application of sections 4 to 32 must be multiplied by the weighting factor corresponding to the fiscal year for which it is computed, namely,

(1)  0.75 for the fiscal year 2016;

(2)   0.5 for the fiscal year 2017;

(3)  0.25 for the fiscal year 2018.

O.C. 416-2016, s. 5.