12-member Senate Committee finally agrees on a revenue sharing formula
The special Senate Committee appointed to resolve the long-standing third basis revenue sharing formula stalemate has reached a consensus.
The 12-member committee led by Bungoma Senator Moses Wetangula agreed to adopt the report, ending months of confusion.
Earlier in the day, members of the committee were falling over themselves on social media, hinting at a possible consensus.
Joint chair of the committee Johnson Sakaja simply tweeted “deal” while Elgeyo Marakwet Senator Kipchumba Murkomen tweeted “Deal, white smoke”.
Their Makueni counterpart Mutula Kilonzo Jnr was not left behind, tweeting “Smoke”, while Narok Senator Ledama Ole Kina tweeted “White smoke, finally”.
The committee is now expected to present their proposals to the house this afternoon before debate resumes.
According to sources, The proposed formula takes into account eight parameters, Population at 18%, health 17% Agriculture 10%, Urban 5%, Roads 8%, Poverty level 14%, Basic share 20% and land at 8%.
In the new formula, Nairobi gains the highest amount at KSh3.3 billion to push its total allocation to Sh19bn.
Lamu’s total allocation will shoot to Sh3.1billon though Tharaka Nithi will get the least addition of Sh289 million.
No county loses revenue in this formula.
The Senate is expected to pass the formula this afternoon and unlock monies to counties.