# The School Finance (England) Regulations 2011, Paragraph 23

Extent: E+W

Where schools budget shares would otherwise be reduced year-on-year by a percentage figure of 3% or more (determined by the authority), the authority must publish that percentage figure and an explanation of how any amounts using such a factor or criteria will be determined including, if applicable, the use to be made of any sliding scale. Such a factor may not take account of the extent to which a school has spent more than or has not spent all of its budget share in any financial year.

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Source: https://www.legislation.gov.uk/uksi/2011/371/schedule/3/paragraph/23 (the official version)
Page: https://openlegislation.uk/school-finance-england-regulations-2011/schedule-3/paragraph-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.