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"You wouldn't want to mandate a spending rate," he said.
Last year, the spending rate was 6.04percentt, modestly above the upper level of the policy.
This year our spending rate is 6.04percentt, which is outside the band.
In Canada, the per capita spending rate is about twenty-two dollars.
"This is the quarter when the spending rate grows exponentially," said Robert Gibbs, a spokesman for the Kerry campaign.
Harvard's endowment spending rate in several of those years was 4.8 to 5.2percentt, higher than many of its peers.
Similar(11)
On the night of the Town Meeting -at which a vote of property owners sets spending rates - the taxpayer group clearly outnumbered P.T.O.
The spend rate for this year is expected to be 4.7percentt.
This year's favorable returns will reduce the spend rate to 5.1percentt.
The typical spend rate for endowed nonprofits is in the five-percent range.
Manchester council alone returned £500,000 and had been on-track to hand back £900,000 next month, given its snail pace spend rate in early 2013.
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CEO of Professional Science Editing for Scientists @ prosciediting.com