With the passage of the Fiscal Transfers Bill 2012 last evening, municipal and neighbourhood councils will be able to raise money in various ways and a formula has now been set out for the sharing of revenues between central and local government.
The bill which intends to make municipal and neighbourhood councils more financially secure is a crucial step in local government reform and will become law when assented to by President Donald Ramotar.
Several amendments have been made to the bill tabled by the government since the opposition had expressed concern that provisions in the original bill allowed for considerable discretion by the
