municipal corporations They should impose appropriate user charges on essential services such as water supply and sanitation to raise non-tax revenue and provide quality public services. This is stated in a report by the Reserve Bank of India (RBI). The ‘Municipal Corporation Finance Report’ takes an in-depth look at the fiscal position of 232 municipal corporations (MCs) from 2019-20 to 2023-24 (Budget Estimates). In this, special attention was paid to the topic ‘Own sources of income generation in municipal corporations: opportunities and challenges’.
You can increase income this way.
According to the report, “Municipal corporations can significantly increase non-tax revenue by imposing fair and appropriate rates for essential services such as water supply, sanitation and waste management. “By doing so, the uninterrupted availability of high-quality public services can be ensured.” These measures, along with more transparent and accountable governance practices, can help strengthen the financial health of municipal corporations, according to the report.
What charges may be imposed?
According to the RBI report, if this can happen, it will start a cycle of better services for the public, higher incomes and continuous improvement of urban infrastructure. Major sources of non-tax revenue include user fees, business license fees, design/building approval fees, development fees, improvement fees, sales and rental fees, market fees, slaughterhouse fees, parking fees and birth and death registration fees. Sources of tax revenue include property tax, vacant land tax, water profit tax, advertising tax, sewage profit tax, animal tax, and livestock tax. the vehicles.
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