DIMAPUR — The Government of Nagaland has constituted the Third Nagaland State Finance Commission under the chairmanship of Menukhol John, retired Principal Secretary to the Government of Nagaland.
The commission's mandate is to make recommendations covering a three-year period, commencing on April 1, 2023, to March 31, 2026, an official update stated.
• The principles governing the distribution of the net proceeds of taxes, duties, tolls, and fees leviable by the state, which may be divided between the state and municipalities.
• The determination of taxes, duties, tolls, and fees that may be assigned to or appropriated by the municipalities, as well as the grant-in-aid to the municipalities from the consolidated fund of the state.
• Measures required to improve the financial position of municipalities. The rates of various taxes, tolls, and fees that may be raised by the municipalities, along with the method of determining the same.
• Any other matter referred to the commission by the government in the interest of sound finances of municipalities.
[bsa_pro_ad_space id=1]In formulating its recommendations, the commission will consider various factors, including the objective of balancing the receipts and expenditures of the state government and local bodies and generating a surplus for capital investment.
The commission will also look into the resources of the state government and demands thereon, particularly in respect of expenditure on civil administration, maintenance and upkeep of capital assets, maintenance expenditures on plan schemes and other committed expenditures or liabilities of the state.
The commission will also take into account the requirements of the municipalities, their potential for raising resources and avenues for reducing expenditure.
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Meanwhile, the commission has invited suggestions and views on the above-mentioned issues from the general public, institutions, and organisations.
Individuals and entities can submit their suggestions and views to the commission through a post addressed to the Member Secretary, Third Nagaland State Finance Commission, Directorate of Treasuries and Accounts building, New Capital Complex, Kohima, or email to thirdnagalandfincom@gmail.com.
The deadline for submission is September 15, 2023.
The commission is of the view that the input received will contribute to better service delivery by municipalities and town councils.
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