6 Individual levy rates and safety net thresholds
1 An authority’s individual levy rate is 0.5 or the figure calculated in accordance with the formula in paragraph (2), whichever is less.
2 The formula is—
1−CD
Where—
C is the authority’s baseline funding level for the year commencing on 1st April 2013;
D is the authority’s business rates baseline.
3 An authority’s safety net threshold for a year is 92.5 per cent of its baseline funding level for that year.