Category: INDIA

Local governments depend heavily on municipal income since it provides the money needed to maintain infrastructure, provide public services, and assure a community's general development. It includes a range of revenue sources, such as taxes, fees, grants, and investments. The importance of municipal revenue, its sources, and the difficulties local governments confront in efficiently managing their finances are all covered in this article. Sources of Municipal Revenue, Property Taxes: Property taxes are one of the major sources of income for local governments. Taxes are paid by property owners in accordance...