How does the Finance Commission make recommendations to the Governor regarding the distribution of net proceeds between the state and the municipalities?
The Finance Commission makes recommendations to the Governor regarding the distribution of net proceeds between the state and the municipalities by reviewing their financial positions, as stated in Article 243Y(1)(a). The Finance Commission is responsible for recommending principles governing how much of the taxes, duties, tolls, and fees should be allocated to the state or the municipalities and determining which taxes can be assigned to or appropriated by the municipalities.