💨 Abstract

The Fiscal Empowerment of City Governments report reveals that Indian civic agencies rely heavily on grants from the Centre and state governments, with an average own source revenue of 35% to total income. The report also found that property tax, the main source of revenue for municipal corporations, accounts for only 13.85% of total budgets in surveyed cities.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖