KCC to get sh50b this financial year
Jun 25, 2010
KAMPALA City Council (KCC) has projected to collect over sh54b in the 2010/2011 financial year.
By Florence Nakaayi
KAMPALA City Council (KCC) has projected to collect over sh54b in the 2010/2011 financial year.
During the budget presentation on Tuesday at Hotel Africana in Kampala, the mayor and finance secretary, Nasser Sebaggala, said in order to meet the revenue projections, the council will engage private firms at a commission of not more than 10% to enforce tax payment.
Private firms would be engaged to collect revenue from business licences, local service tax and local hotel tax.
The budget was read by the city secretary for production, Doreen Nakaatya, on behalf of Sebaggala.
Out of the over sh54b, the council projected to get sh35b from local revenue, and sh25.4b as government grants.
The council will also benefit from another $50m (about sh100b) fund from the World Bank to work on roads and for infrastructure development.
KCC was able to increase local revenue collection from sh30b in 2008/09 to sh34b in 2009/10.
KAMPALA City Council (KCC) has projected to collect over sh54b in the 2010/2011 financial year.
During the budget presentation on Tuesday at Hotel Africana in Kampala, the mayor and finance secretary, Nasser Sebaggala, said in order to meet the revenue projections, the council will engage private firms at a commission of not more than 10% to enforce tax payment.
Private firms would be engaged to collect revenue from business licences, local service tax and local hotel tax.
The budget was read by the city secretary for production, Doreen Nakaatya, on behalf of Sebaggala.
Out of the over sh54b, the council projected to get sh35b from local revenue, and sh25.4b as government grants.
The council will also benefit from another $50m (about sh100b) fund from the World Bank to work on roads and for infrastructure development.
KCC was able to increase local revenue collection from sh30b in 2008/09 to sh34b in 2009/10.