Launching the proposed Revenue Sharing Formula, Finance and Development Planning Minister Samuel Tweah says all should read and comprehend the document. Authorities of the Governance Commission (GC) on Wednesday, May 15, 2019 convened a consultative forum in Monrovia, at which it launched a proposed revenue sharing formula to be used across the country once completed and enacted into law by the 54th Legislature.The event, which brought together representatives from various ministries and agencies, as well as a few members of the legislature, was launched by Samuel Tweah, Minister of Finance and Development Planning (MFDP).In his proposed revenue sharing formula document, Tweah said the people across the country stand to equitably benefit should the Legislature consider it a law by an appropriate legislation.“This study cuts across two key pillars of the Pro-poor Agenda for Prosperity and Development (PAPD) to include Power to the People and Sustaining the Peace. The agenda is that people have access to their resources, and have the means to determine their social and economic livelihoods and the only way you can achieve that is if institutional structures enable them to do that,” he said.He added, “The other pillar is about sustaining the peace. A lot of times we see peace efforts through the absence of conflict or when there is no violence. We think this means we have peace, but that is not just the case. If we dig deep down in why we go into conflict most times with each other in our lives, we get to know that it is because of inequity.”Tweah said that lack of equitable distribution of Liberia’s resources over the years since independence has led to the many crises being experienced, and may continue to thread on the same sad note if the right frameworks are not put into place and executed in accordance with the prevailing circumstances.A cross-section of the audience with Senator Gbleh-Bo Brown (far right) and Representative Larry Younquoi (center)“Imagine how unfair it is for a nurse working in Monrovia to receive more money in salary as well as other benefits than nurse who works in River Gee, even though the two have the same qualifications, and competence. This is unfair, but the only way to correct it is to have a good structure and an uncompromising system,” he said.He said that the clear way to fight fragility in the country is to empower people and develop institutions that will promote equity.“This is going to be a critical milestone. We may not have everything equally shared among the people, but it is a good practice that people live without stress or worry about how they will afford to eat or take care of their basic needs. This is why I challenge you, fellow Liberians and our foreign partners, to read this document that will help us succeed in curtailing our collective national challenges at hand,” Minister Tweah said.He said the Swedish Government, that has invested and continues to invest in the policies leading to the reformation of the governance system of Liberia, will help our government to reestablish the agriculture development bank.“This will allow us loan money to people involved in agricultural activities at an appreciable level, and the benefit thereof will be immense,” he said without any clarification as to when and how the reestablishment of the agriculture bank will be done.Tweah said that the Coalition for Democratic Change (CDC) led government will reform the national fiscal budget of 2019/2020 as well as the ones ahead.“This will give confidence to the investors, and our growth will take a positive dimension,” he said, while commending donor partners for their commitment to doing what is good for Liberia.Cllr. Nwabudike lectures on the overview of the proposed revenue sharing formula.Senator J. Gbleh-Bo Brown, chairman on the Senate Committee for governance and reform, said the initiative is a good venture simply because, when passed into law, it will allow people in the rural areas carry out their own developments without solely relying on central government to get them done.“This brings in local social and economic growth, because the locals will be happy if some of the revenues collected could remain in the county and be used in accordance to their own plans, Sen. Brown said.Earlier, in his welcoming statement and overview presentation, GC Chairman, Cllr. A. Ndubuisi Nwabudike, described President George Weah as someone who is committed to letting the people have access to power at all levels.“The President is interested in seeing to it that the people have access to their own resources. The revenues they collect should therefore serve them directly to impact their lives,” Cllr. Nwabudike said.He added: “This is not the actual formula, but a proposal for the formula. The formula itself will be enacted by the legislature, because they will decide which county gets what percentage of the revenue collected.”Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)
AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWalnut’s Malik Khouzam voted Southern California Boys Athlete of the Week Planning and construction of 25 new schools – including five in the San Fernando Valley – is expected to take three to four years. District officials say they will engage the community in determining the location and design of the campuses. But some officials already are looking to the future and the pressures of paying to operate the additional schools. Board member David Tokofsky is awaiting the State of the State address in January and the first draft of the state budget to see whether Gov. Arnold Schwarzenegger plans to repay the $3 billion he borrowed from public education two years ago. If the funding is not budgeted, Tokofsky said, the district may have to consider asking voters to approve a parcel tax – something he already proposed last June. “If the governor doesn’t announce in January that he will repay, Los Angeles Unified will have to find a way to get the money for its instruction and instructors,” he said. Los Angeles Unified School District officials on Wednesday celebrated the overwhelming victory of Measure Y, saying the nearly $4 billion approved for school construction and repairs will let them improve student achievement and graduation rates in the overcrowded district. Superintendent Roy Romer said he was “sobered by the responsibility” handed to him by voters, who approved the fourth bond measure in eight years by a 66 percent to 34 percent margin. The investment will allow the nation’s second-largest district to complete its ambitious $20 billion construction program – adding a total of 160 schools – by 2012. “This was an important mandate. People said, ‘We like what you’re doing and we want you to finish it,”‘ Romer said. “This is historical. This is massive. Never in the history of the U.S. have so many schools been built in one location at one time.” “I will hope that there’s a new year and that old deals will be paid up because the children cannot excel at the levels parents expect with the mediocre-at-best finance system.” District officials and the teachers union had signaled support for a parcel tax but were concerned that putting both Measure Y and a parcel tax on the same ballot would backfire on both. Parcel taxes require a two-thirds vote to pass, but Tokofsky pointed out that voters in other parts of the state approved parcel taxes in Tuesday’s election. “The people in the state of California are saying, if Sacramento can’t fix our schools – the construction and instruction – we’ll have to reluctantly fix it ourselves,” Tokofsky said. Board member Mike Lansing said he’s concerned about imposing another tax on property owners, but said the district needs to look at all its options when the state – which is responsible for funding education – fails to fulfill its role. “The reality is we don’t have enough money to provide the type of education our kids deserve,” he said. But the Howard Jarvis Taxpayers Association maintains that property owners are being forced to shoulder too much of the burden for education funding. The advocacy group noted that Los Angeles property owners pay more in property taxes to fund public schools than in any other California city. “We’re concerned that taxes on properties are being approved by people who don’t own property,” said Jon Coupal, president of the group. `I think when people start getting the tax bills, they’ll wonder where it came from. It would be interesting to see the fallout.” Coupal said that as long as voters keep passing the bonds, the school district will keep putting them on the ballot, but Romer insisted he does not plan to put any more bond measures before voters. “I think I’ve done the job I came to do in building new buildings,” he said. Romer, 77, conceded that one of his next goals is talking with the school board about finding his replacement. Romer’s contract expires in June 2007. “I have a lot of work to do. After this bond is completed, the board and I need to talk about transition and I want to help them in their search for a replacement,” he said. “The logical thing is when you find a replacement, you put him in place. The time I serve has flexibility, depending on the replacement. I don’t have any decisions about timing at all.” Naush Boghossian, (818) 713-3722 firstname.lastname@example.org 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!