{"id":2725,"date":"2024-12-04T07:40:44","date_gmt":"2024-12-04T07:40:44","guid":{"rendered":"https:\/\/kituitimes.com\/?p=2725"},"modified":"2024-12-04T07:40:44","modified_gmt":"2024-12-04T07:40:44","slug":"president-ruto-signs-revenue-rating-and-water-bills-into-law-allocating-ksh387-billion-to-counties","status":"publish","type":"post","link":"https:\/\/kambalandtimes.com\/index.php\/2024\/12\/04\/president-ruto-signs-revenue-rating-and-water-bills-into-law-allocating-ksh387-billion-to-counties\/","title":{"rendered":"President Ruto Signs Revenue, Rating, and Water Bills Into Law, Allocating KSh387 Billion to Counties"},"content":{"rendered":"

This morning at State House, Nairobi, H.E President Dr. William Samoei Ruto has assented to the Division of Revenue (Amendment) Bill, 2024, the Rating Bill 2022, and the Water (Amendment) Bill, 2024.<\/p>\n

 <\/p>\n

In brief, the Division of Revenue (Amendment) Act, 2024, provides KSh387 billion as equitable share of revenue to counties for the financial year 2024\/2025.<\/p>\n

\"\"<\/p>\n

Initially, the Finance Bill, 2024, had allocated KSh400 as equitable share of revenue to counties, but the Bill’s rejection forced the figure to be reviewed downwards to KSh380 billion.<\/p>\n

\"\"<\/p>\n

Eventually the National Assembly and the Senate struck an agreement at KSh387 billion for counties, representing 24.67 per cent of the most recent audited revenue.<\/p>\n

\"\"<\/p>\n

This is way above the 15 per cent minimum threshold constitutiinal requirement. The Act has allocated KSh2.2 trillion to the National Government.<\/p>\n

\"\"<\/p>\n

The Rating Act, 2024, creates a standard framework for valuation and rating, and clear guidelines for counties on how to assess property values and impose rates, among others.<\/p>\n

\"\"<\/p>\n

The Water (Amendment) Act, 2024, provides for Public Private Partnerships in financing the development of water works by the National Government Agencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

This morning at State House, Nairobi, H.E President Dr. William Samoei Ruto has assented to the Division of<\/p>\n","protected":false},"author":1,"featured_media":2732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52,18],"tags":[],"class_list":["post-2725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-governance","category-newsbeat"],"featured_image_urls":{"full":["https:\/\/kambalandtimes.com\/wp-content\/uploads\/2024\/12\/1733297648291.jpg",1080,719,false],"thumbnail":["https:\/\/kambalandtimes.com\/wp-content\/uploads\/2024\/12\/1733297648291-150x150.jpg",150,150,true],"medium":["https:\/\/kambalandtimes.com\/wp-content\/uploads\/2024\/12\/1733297648291-300x200.jpg",300,200,true],"medium_large":["https:\/\/kambalandtimes.com\/wp-content\/uploads\/2024\/12\/1733297648291-768x511.jpg",640,426,true],"large":["https:\/\/kambalandtimes.com\/wp-content\/uploads\/2024\/12\/1733297648291-1024x682.jpg",640,426,true],"1536x1536":["https:\/\/kambalandtimes.com\/wp-content\/uploads\/2024\/12\/1733297648291.jpg",1080,719,false],"2048x2048":["https:\/\/kambalandtimes.com\/wp-content\/uploads\/2024\/12\/1733297648291.jpg",1080,719,false],"morenews-featured":["https:\/\/kambalandtimes.com\/wp-content\/uploads\/2024\/12\/1733297648291-1024x682.jpg",1024,682,true],"morenews-large":["https:\/\/kambalandtimes.com\/wp-content\/uploads\/2024\/12\/1733297648291-825x575.jpg",825,575,true],"morenews-medium":["https:\/\/kambalandtimes.com\/wp-content\/uploads\/2024\/12\/1733297648291-590x410.jpg",590,410,true]},"author_info":{"display_name":"Kambaland Times","author_link":"https:\/\/kambalandtimes.com\/author\/kituitimes\/"},"category_info":"Governance<\/a> Newsbeat<\/a>","tag_info":"Newsbeat","comment_count":"0","_links":{"self":[{"href":"https:\/\/kambalandtimes.com\/index.php\/wp-json\/wp\/v2\/posts\/2725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kambalandtimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kambalandtimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kambalandtimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kambalandtimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=2725"}],"version-history":[{"count":1,"href":"https:\/\/kambalandtimes.com\/index.php\/wp-json\/wp\/v2\/posts\/2725\/revisions"}],"predecessor-version":[{"id":2734,"href":"https:\/\/kambalandtimes.com\/index.php\/wp-json\/wp\/v2\/posts\/2725\/revisions\/2734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kambalandtimes.com\/index.php\/wp-json\/wp\/v2\/media\/2732"}],"wp:attachment":[{"href":"https:\/\/kambalandtimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=2725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kambalandtimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=2725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kambalandtimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=2725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}