By DERRICK LUVEGA More by this AuthorCouncil of Governors chairman Wycliffe Oparanya wants the Sh20 billion equalisation fund domiciled at the National Treasury to be used to cushion poor counties that will lose out on the proposed revenue sharing which favours densely populated regions. The proposed revenue sharing formula has caused a big division in the Senate, throwing counties deeper into a financial crisis. "Let us have the equalisation funds used to cushion the counties that will lose out," he said. He suggested that the proposed formula should be deferred for another year to allow room for consultation. Commission on Revenue Allocation has developed 10 criteria for sharing revenue among the counties through the third basis.

Source: Daily Nation July 15, 2020 17:54 UTC