How Tamil Nadu Shares Taxes With Local Bodies: The SFC Formula
A tenth of Tamil Nadu's net own tax revenue goes to local bodies. The Sixth SFC formula, Chennai's 16 per cent share and what the Seventh SFC is now reviewing.
Topic
A tenth of Tamil Nadu's net own tax revenue goes to local bodies. The Sixth SFC formula, Chennai's 16 per cent share and what the Seventh SFC is now reviewing.
Tambaram's 2025-26 budget, set against the old municipality's, shows bigger state transfers, a larger tax base and garbage as one of its heaviest running costs.
Chennai's corporation covers about 60 per cent of its running costs from its own taxes and fees. Budget papers show how state transfers, grants and loans fill the rest.