Net Fiscal Benefit definition

Net Fiscal Benefit means the amount of Resource Revenues that is not offset against the Territorial Formula Financing Payment pursuant to sections 10.2 and 10.3.
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Net Fiscal Benefit means the excess of the present value
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Net Fiscal Benefit means the amount of resource revenue that is not offset against the Territorial Formula Financing payment received by the Government of the Northwest Territories from the Government of Canada.
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Examples of Net Fiscal Benefit in a sentence

  • The Net Fiscal Benefit is the amount of resource revenue that the GNWT can keep each year – and that will not be deducted from its annual Territorial Formula Financing payment from the federal government.

  • Chapter 10 explains how the Net Fiscal Benefit is calculated, and refers to an agreement with Aboriginal Parties that will set out how it will be shared.

  • The draft GNWT Devolution AIP, Chapter 12, calls for 50% of resource revenues to be offset against the formula financing annual grant, and that the Net Fiscal Benefit from resource revenues should be capped at 5% of the GNWT Gross Expenditure Base (GEB).

  • The amount of the Net Fiscal Benefit will depend on the amount of resource revenue generated from public lands in the NWT each year.

  • The GNWT has agreed to share 25 per cent of the Net Fiscal Benefit with Aboriginal governments.

  • The maximum Net Fiscal Benefit is equal to 5% of the GNWT’s Gross Expenditure Base in that year.

  • Weighted by discretionality index.............................................................................................................................................31Figure 15: Net Fiscal Benefit by provinces, 2002 (pesos per capita) 43Figure 16: Population per representative (underrepresentation) as an explanation for the distribution of the Net Fiscal Benefit per province.

  • However, after Territorial Formula Financing offsets, the GNWT will receive a Net Fiscal Benefit of 50 per cent of resource revenues to a cap of about$70 million in 2014-15 and growing annually.

  • The detailed results are shown in Schedules 2.1.7 to 2.1.12, and a summary of the resulting GNWT budget is shown in Table 2.1.5. Table 2.1.5 (with 100% Net Fiscal Benefit and 15% Cap, per Modified AIP) Cumulative Results of Alternative Forecasts of GNWT Budget , 2011 to 2040The Potential surpluses over budgeted expenditures are 9.8% and 12.2% in the Middle and High Cases, respectively.

  • The State Net Fiscal Benefit is $276 Million after updating the RCLCO analysis for certain reconciliations with are outlined in the attached “FOHD – RCLCO State Fiscal Benefit Reconciliation – 240117_v01.xlsb” Also see copied “RCLCO – Fiscal & Economic Impact Analysis – 230918.pdf” 17.

Related to Net Fiscal Benefit

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Special benefit means, for purposes of a property-based district, a particular and distinct benefit over and above general benefits conferred on real property located in a district or to the public at large. Special benefit includes incidental or collateral effects that arise from the improvements, maintenance, or activities of property-based districts even if those incidental or collateral effects benefit property or persons not assessed. Special benefit excludes general enhancement of property value.

  • Normal Retirement Benefit means an annual benefit payment in the amount of Seventy Two Thousand and Sixty One dollars ($72,061) for a period of fifteen (15) years.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Actuarial equivalent means a benefit of equal value when

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • material benefit means a benefit which may not be financial but has a monetary value;

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.