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7. Urban Local Bodies’ Finances

Receipts in case of an urban local body can be broadly classified as follows:

Tax Revenue – property tax, advertisement tax etc.

Non-Tax Revenue – income in terms of rent, royalty, interest, fees and profits/dividends, user charges for public utilities such as water, sewage etc.

Devolution of funds from the State Government

Grants from Union and State Governments for development schemes

Borrowings

 

7.1. Suggestions to Increase Revenue of Urban Local Bodies