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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