However, the lawmakers will break for at least 30 minutes to be taken through the formula before they debate and take a vote.
The proposed formula takes into account eight parameters; Basic share (20 percent), Population (18 percent), Health (17 percent), Poverty Level (14 percent), Agriculture (10 percent), Roads (eight percent), Land (eight percent) and Urban (five percent).
In the new formula, Nairobi gains the highest amount with Sh3.3 billion to push its total allocation to Sh19 billion.
Lamu’s total allocation will shoot to Sh3.1 billion with Tharaka Nithi getting the least addition of Sh289 million.
No county loses revenue in the proposed formula.
Governors made real their threat to shut down operations in counties from Thursday over the revenue sharing stand-off in the Senate.
The Senate had been accused of failing in its constitutional duty, resulting in county operations grinding to a halt.
CoG chairman Wycliffe Oparanya said in a statement on Wednesday the shutdown had been occasioned by lack of resources after senators failed to agree on the revenue sharing formula.