Subject: Polity
Municipalities generate revenue from various sources such as property taxes, user fees, local body taxes, and grants from state and central governments. This revenue is crucial for funding public services including water supply, sanitation, road maintenance, and community development projects.
In simple language, without enough money, a city cannot run efficiently. Municipal revenue ensures that local governments can maintain infrastructure and provide services to citizens. Recent reports have shown that many urban areas are working to improve their revenue collection methods by adopting digital technologies and better financial management practices.
The challenge remains to balance revenue generation with affordability for residents, making it a critical area of focus for urban policymakers.