City families, traders to pay more to fund sh 37 billion budget - Latest Updates

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Monday, November 16, 2020

City families, traders to pay more to fund sh 37 billion budget

City residents will have to dig deeper into their pockets to finance a Sh37.4 billion 2020/2021 budget if new tax proposals by City Hall are adopted by the county assembly.

Households in Nairobi will start paying an annual tax of Sh2,000 for fire certificates as the Governor Mike Sonko-led administration seeks to meet its Sh15.5 billion revenue collection target.

This is after the county executive proposed a raft of new tax measures to fund its budget. The measures are contained in the 2020/2021 Finance Bill that is currently before the Nairobi County Assembly and at the Second Reading stage.

Appropriations committee chair Robert Mbatia, however, expressed reservations about the new tax measures, saying some were not realistic.

He said the Budget committee would start sitting with the various county sectors and the county treasury as from today to justify the new rates.

“Yes, we want to collect revenue to finance our operations, but we have to ask ourselves whether the contents of the Bill are really practical? We cannot touch them until they unpack it for us. Once that is done, we will seek views from the public and later present the budget to the House with amendments,” he said.

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