The 5th State Finance Commission (SFC) has recommended to the State government on equal distribution of funds ward-wise in the Bruhat Bengaluru Mahanagara Palike (BBMP) and city corporations for equal development of all wards.
The 5th SFC headed by former MP C. Narayanaswamy, who prepared the report for 2024-25 and submitted it to Governor Tawarchaand Gehlot, said that “Many of the Urban Local Bodies (ULBs) do not allocate funds equitably among their municipal wards, which results in uneven development across ULBs,”
The report, which was tabled in the Legislative Assembly on Friday, suggested that devolution of funds to bigger ULBs such as BBMP and city municipal corporations should be “ward-wise” to ensure equitable distribution of funds.
