[Source: Business Daily, by Edwin Mutai]
Counties are staring at cash crisis after the Senate failed to strike a deal on the formula for sharing Sh316.5 billion among the 47 devolved units.
The stalemate means counties face a cash crunch that is likely to ground crucial services to a halt.
The formula is needed to guide the enactment of the yet to be approved County Allocation of Revenue (CAR) Bill, 2020.
The Bill provides for the sharing of revenue raised nationally between…
