The 7th State Finance Commission's formula provides ₹15,265 crore, with 70% of the funds allocated to gram panchayats.

Here is the translation of the given Hindi text into English: **7th State Finance Commission Formula: 15,265 Crore Will Be Received, 70 Percent Fund to Gram Panchayats** - Patna News: Based on the recommendations of the 7th State Finance Commission, a new financial formula for the local bodies of Bihar for the financial years 2026-27 and 2027-28 has been finalized. Under this new formula, a total of 15,265.73 crore rupees will be released for the development of villages and cities over the next two years, with the state contributing 6 of its net tax revenue under the ongoing arrangement.