Home Business Counties to wait longer for funds as Senate adjourns

Counties to wait longer for funds as Senate adjourns

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[Source: Business Daily, by Edwin Mutai]

County governments will wait longer to receive their share of the Sh316.5 billion after senators voted to adjourn debate on the approval of the revenue sharing formula despite six previous attempts.

This means that counties may wait until after September 8 when lawmakers return from a month-long recess. The House can also convene for a special sitting to approve the formula if a deal is struck among the senators.

The formula is needed to…

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