DIMAPUR — The fourth Nagaland State Finance
Commission constituted by the government under the chairmanship of Sarah R
Ritse, retired commissioner and secretary, has sought suggestions/ views on
issues relating to its terms of reference from the public, institutions and
organisations.
The Commission is to make recommendations covering a period
of five years commencing on April 1, 2026 to March 31, 2031 relating to the
following matters:
(a) The principles which shall govern:
i. The distribution between the State and Municipalities of
the net proceed of taxes, duties, tolls and fees leviable by the State, which
may be divided between them;
ii. The determination of taxes, duties, tolls and fees which
may be assigned to or appropriated by the municipalities; and
iii. The grant-in-aid to the municipalities from the
consolidated fund of the state.
(b) The measures needed to improve the financial position of
municipalities.
(c) The rates of various taxes, tolls and fees that may be
raised by the municipalities and the method of determining the same.
(d) Any other matter referred to the Commission by the
government in the interest of sound finances of municipalities.
In making its recommendations, the Commission has been asked
to have regard, among other considerations to:
i. The objective of balancing the receipts and expenditure
of the State government and the local bodies and for generating surplus for
capital investment.
ii. 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 expenditure or liabilities of the State; and
iii. The requirement of the municipalities, their potential
for raising resources and for reducing expenditure.
In this regard, the Commission hereby invites
suggestions/views on issues relating to its terms of reference from the public,
institutions and organisations. All interested individuals, institutions and
organisations could send their suggestions/ views to the commission latest by
March 31, 2025 by post addressed to the member secretary of the fourth Nagaland
State Finance Commission, Directorate of Treasuries and Accounts Building,
First Floor, New capital Complex, Kohima, Nagaland or e-mail to fourthfincom2024@gmail.com.
