can any1 explain the equation: RSG=SSA - (CTSS+NNDR)?

Question

Its in terms of local gov finance:
Revenue Support Grant= Standard Spending Assessment - (Council Tax standard spending+ national non domestic rate) But i dnt know how 2 tlk about it in exam

Answer 1

Here's a PDF that explains it:

http://www.parliament.uk/commons/lib/research/rp98/rp98-106.pdf

Start reading about page 13. Your formula shows on page 14.

Answer 2

Under the current system of local government finance, local authorities receive income from four main sources: Council tax - determined locally
National Non-Domestic Rates (NNDR) - the local authority's share of the pool calculated on a per capita basis Revenue Support Grant (RSG) - calculated by subtracting NNDR income and the income from setting the Council Tax at the level determined by central government (CTSS) from the Standard Spending Assessment (SSA) [RSG = SSA - NNDR income - CTSS income] Specific and Special Grants The Standard Spending Assessment (SSA) plays a critical role in distributing resources between local authorities and in determining the level of revenue support grant a local authority receives. The SSA system has also been the subject of substantial criticism and the Government has been keen to make the system more comprehensible. The Government is keen to see new formulae that follow the basic structure of: basic allocation + deprivation top-up + pay-cost top-up + other top-ups

Answer 3

Why not Google it one at a time?...or even together. Maybe you could use the therasus to change it a bit. You'll still have to read it...and you'll know as you make the changes what you're doing. That's how I passed my tests. I'd type the entire thing out, make changes, and by the time I was finished, I remembered everything.

I don't know if that's the answer you wanted, but I'm not a finance person...I was a Law major.