Less cash to be used for city projects
The bulk of the money the county will collect this Financial Year- Sh17.6 billion – will go towards meeting operational costs.
The county projects a collection of Sh17.6 billion yet only Sh7.5 will go to development projects.
This follows the passing of five new laws to streamline collection of fees and land rates and open new avenues for revenue generation by the Nairobi government.
Among the five laws is the Nairobi County Tax Waivers Administration Act which gives amnesty to rate defaulters.
Implementation of the law is set to raise more than Sh3 billion.
The Provisional Collection of Revenue Act gives methods for revenue collection.
The third law has given identity to the city by enacting the County Flag and other Symbols Act which approved the flag, seals and emblems of the county.