(7a)
(i) Provision of basic social services such as health centers, water supply, and waste disposal.
(ii) Construction and maintenance of roads within the local area.
(iii) Establishment and regulation of markets and motor parks.
(iv) Collection of rates and levies (e.g., shop and tenement rates).
(v) Registration of births, deaths, and marriages.
(7b)
(i)Property Taxes: One of the primary sources of revenue for local governments is property taxes. These are levied on real estate properties within the jurisdiction and are based on the assessed value of the property.
(ii)Sales Taxes: Some local governments have the authority to impose sales taxes on goods and services sold within their area. This can be a significant source of revenue, especially in regions with high commercial activity.
(iii)Grants and Subsidies: Local governments often receive financial support from central or state governments in the form of grants and subsidies. These funds are typically allocated for specific projects or to support general operations.
(iv)Licenses and Permits: Revenue is also generated through the issuance of various licenses and permits, such as business licenses, building permits, and vehicle registrations. Fees collected from these activities contribute to the local budget.
(v)Service Charges and Fees: Local governments charge fees for specific services they provide, such as water and sewage services, parking fees, and recreational facility use.
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(i) Provision of basic social services such as health centers, water supply, and waste disposal.
(ii) Construction and maintenance of roads within the local area.
(iii) Establishment and regulation of markets and motor parks.
(iv) Collection of rates and levies (e.g., shop and tenement rates).
(v) Registration of births, deaths, and marriages.
(7b)
(i)Property Taxes: One of the primary sources of revenue for local governments is property taxes. These are levied on real estate properties within the jurisdiction and are based on the assessed value of the property.
(ii)Sales Taxes: Some local governments have the authority to impose sales taxes on goods and services sold within their area. This can be a significant source of revenue, especially in regions with high commercial activity.
(iii)Grants and Subsidies: Local governments often receive financial support from central or state governments in the form of grants and subsidies. These funds are typically allocated for specific projects or to support general operations.
(iv)Licenses and Permits: Revenue is also generated through the issuance of various licenses and permits, such as business licenses, building permits, and vehicle registrations. Fees collected from these activities contribute to the local budget.
(v)Service Charges and Fees: Local governments charge fees for specific services they provide, such as water and sewage services, parking fees, and recreational facility use.
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