Counties stare at financial crisis as stalemate on Revenue Bill rages

Parliamentary Budget Committee Chairman Mutava Musyimi (right) with his Vice Chair Mary Emase. A mediation team on Revenue Bill will today have to take one of the four options given to it by the Parliamentary Budget Office on the way forward. [PHOTO: FILE/STANDARD]

Counties were yesterday facing prospects of a financial hardship after a mediation committee failed to reach a consensus on a Sh7.7 billion stand-off.

The mediation team, comprising of members of the Senate and the National Assembly, will today have to make take one of the four options given to it by the Parliamentary Budget Office on the way forward, with both teams maintaining a hardline position on the proposed law.