Local Government Finance In Kerala
Local governments in Kerala enjoy very stable sources of revenue compared to their counterparts in the country. Even before the 73rd and 74th constitutional amendments in 1994, the situation was true. The sources of income earmarked for local governments, prior to the amendments, were meant for providing civic services and welfare functions, but not for development functions. The scenario had changed after the constitutional amendments and enactment of conformity acts in the State in 1994. Significant portion of development functions of the State were devolved to local governments. In 1996, the State government earmarked one-third of its development plan size as devolved funds for bottom-up planning in development sectors transferred to local governments. This was followed by many measures to support the financial health of local governments in the State.The tiny State of Kerala, lying in the south-west corner of Indian Union, emerges as a classic paradigm in fiscal decentralization to local governments.
The categories of sources of finance are as described below.
Read more about Local Government Finance In Kerala: Tax Revenue of Local Governments, Non-tax Revenue, Shared Tax, Plan Assistance To Local Governments, See Also
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