What is a municipal corporation? How does municipal corporation earn the money to do its work?
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A municipal corporation is the legal term for a local governing body, including (but not necessarily limited to) cities, counties, towns, townships, charter townships, villages, and boroughs. The term can also be used to describe municipally owned corporation
The Municipal Corporation collects taxes on houses, water, entertainment, parking, etc. to earn money. It also gets some grant from the government.
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The Municipal Corporation collects money in different ways.
- Collect property tax as well as taxes for water and other services.
- Collect taxes for education and other amenities.
- Collect entertainment tax such as tax on cinema tickets.
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