What is the role of the Finance Commission in reviewing the financial position of the municipalities?
The role of the Finance Commission in reviewing the financial position of the municipalities is to make recommendations to the Governor on various aspects related to their finance, including the distribution of net proceeds of taxes between the state and the municipalities, the allocation of such proceeds among different levels of municipalities, the determination of taxes, duties, tolls, and fees assigned to or appropriated by the municipalities, and the grants-in-aid from the Consolidated Fund of the State.