Formula for fiscal transfers to local gov’t bodies agreed

A unanimous decision was reached on Friday by a parliamentary select committee on a formula for fiscal transfers to local government bodies, moving the country a step closer to long-awaited local government elections.

The Fiscal Transfers Bill was the last in a suite of four bills to be addressed by the parliamentary committee because of its nettlesome nature.

The chair of the committee, Basil Williams yesterday told Stabroek News that on Friday all members of the committee, with the exception of People’s Progressive Party Civic (PPP/C) MP Neil Kumar who asked to be excused, agreed to utilize a