Nairobi county once again is aiming to achieve an ambitious Sh19.8 billion own-source revenue in the next Financial Year 2021-22. According to the county treasury, the 2021-22 projection of Sh37.3 billion budget will be funded by own source revenue of Sh19.8 billion and Sh17.3 billion from external sources. For next year, City Hall has set a target for rates at Sh7.62 billion, single business permit Sh2.75 billion, parking fees Sh3.02 billion, building permits Sh1.5 billion, billboard and adverts Sh1.2 billion. Nairobi has been falling short of its revenue target since it came into existence in 2013 despite the digitisation of 136 of its revenue streams. Rates was Sh1.89 billion against a target of Sh3.92 billion, single business permit Sh1.58 billion against Sh2.89 billion and parking fees Sh1.54 billion against Sh2.76 billion.

Source: The Star March 10, 2021 18:56 UTC