<h1>Chief Minister seeks 16th Finance Commission reforms after state loses 23% tax share under current formula</h1> A state chief minister met the union finance minister seeking support for pro-growth tax devolution by the 16th Finance Commission. The state suffered significant losses under the 15th Finance Commission, with its tax share declining from 4.713% to 3.647% - a 23% reduction - and was denied special grants totaling Rs 80,000 crore. The chief minister attributed this decline to over-reliance on income-distance criteria with 45% weightage. The state requested reducing income-distance weightage by 20 percentage points, reallocating it to fiscal contribution based on GDP share, and discontinuing current Revenue Deficit Grants format while redistributing funds through horizontal devolution formula.