Given the level of resources that municipal bodies generate, it is no surprise that they find themselves with little funds to meet their developmental needs, an issue that is going to be deliberated in detail at the Niti Aayog governing council meeting on Sunday. The agenda for the meeting, to be chaired by Prime Minister Narendra Modi, has pointed to the dismal revenue of civic bodies and suggested an overhaul, by linking property tax to electricity or water bills. In fact, the agenda flows from a recent meeting the PM had with state chief secretaries.
Besides, it will also suggest that municipal bodies be tasked with collecting professional tax instead of states. The issue of professional taxes on the non-salaried is an issue that is close to several states, given that they now have limited sources to raise revenues.
Collection of property tax is one of the major sources of municipalities’ own revenue and the municipal bodies often hesitate to increase property tax due to political considerations. There have been several instances when civic bodies have announced waiver of house tax before municipal polls. Currently, property tax accounts for less than half the revenue generated by the municipalities. According to the agenda, the own revenue generated by municipal entities is barely 0.15% of the GDP, compared to 0.6% in developing countries and 2.1% in developed nations.
What makes the equation more lopsided is that half the spending is on administrative and establishment expenses, leaving little to spend on development activities.
The Centre will also suggest thatstates bring all properties falling under every municipality under the property tax net by using IT tools, space and GIS technology to improve the tax collection.
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