The Queen is getting a multi-million dollar raise

Queen Elizabeth is getting a raise due to costs involved in maintaining the monarchy.
AP Photo/Alastair Grant, File

By Gregory Katz, The Associated Press, June 27, 2017 

Queen Elizabeth is getting a raise due to costs involved in maintaining the monarchy.

Queen Elizabeth II is set to receive an increase in the official funding she receives each year.

Buckingham Palace said Tuesday the “sovereign grant” will be around $138 million Cdn — an increase of more than $10 million Cdn.

The increase is derived from a formula based on the financial performance of the Crown Estate, which has extensive real estate holdings throughout Britain.

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