In Part 1 and Part 2 of our present focus on Municipal Finance, we learnt about the sources of funds for the Greater Chennai Corporation (GCC) and the strategies adopted by the civic body recently to increase the collection of property tax in the city. Property tax is a complex subject. In 2018, citizens strongly opposed the property tax revision that was done after two decades. Why was this revision important? How is GCC meeting the increased expenditure needs (due to COVID-19 and Cyclone Nivar)? We spoke to Deputy Commissioner (Revenue & Finance), Meghanath Reddy to understand more on the…
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