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Financial Management

Rs. 11.95 crore deficit budget for Tirupur

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The Hindu                      28.03.2013

Rs. 11.95 crore deficit budget for Tirupur

Staff Reporter 

Chairman of Taxation and Finance Standing Committee in Tirupur Corporation R. Chandrasekar presented the Corporation’s budget for the financial year 2013-14 with fiscal deficit projected at Rs. 11.95 crore, at the Corporation council meeting held here on Wednesday. The budget had estimated the overall income at Rs. 289.28 crore and expenditure at Rs. 301.24 crore.

The fiscal deficit projected for 2013-14 had grown by Rs 1.35 crore when compared to the ‘revised estimates’ of 2012-13 mentioned in the budget document. As per the ‘revised estimates’ for the current fiscal, the fiscal deficit stands at Rs 10.6 crore.

Interestingly, the budget for 2013-14 had projected the revenue receipts realisation and revenue expenditure projections identically at Rs. 129.8 crore which, according to financial experts and chartered accountants, looks like a ‘strange calculation’ as the receipts and expenditure never matches ‘exactly’ in practical. It should be noted that similar calculation had come in the budget presented by the earlier DMK regime for the 2011-12 fiscal.

In the budget for 2013-14, the ‘revenue fund’ targets under the ‘revenue receipts’ component had been pegged at Rs. 79.77 crore.

The Corporation administration plans to meet the revenue fund targets under the revenue receipts through realisation of professional tax projected at Rs.1.4 crore, property tax pegged at Rs. 21.45 crore, assessed revenue at Rs. 4.35 crore, State Finance Commission grants at Rs. 42 crore, service charges at Rs. 4.43 crore, subsidies and financial assistances at Rs. 87.96 lakh and other revenues at Rs 5.25 crore.

The councillors belonging to Dravida Munnetra Kazhagam and Desiya Murpokku Dravida Munnetra Kazhagam staged walkouts after their demands for convening a separate session in the afternoon for discussing the merits and demerits of the budget were not considered.

 

Rs. 11.54 crore deficit Budget for Erode

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The Hindu                      28.03.2013

Rs. 11.54 crore deficit Budget for Erode

 

Mayor Mallika Paramasivam presented a Rs. 11.54-crore deficit Budget for the financial year 2013-14 at the special budget meeting of the Erode Corporation Council held on Wednesday.

The civic administration projected Rs. 160.95 crore as revenue against an estimated expenditure of Rs. 172.49 crore.

To compensate the deficit, the civic body proposed to augment the tax revenue, impose water charges on restaurants and lodging houses depending on their type, get more funds from the government and implement cost-cutting measures. The Budget proposed to increase the water charges and the deposit for new connections provided under the Uratchikottai water supply scheme.

The civic body was expecting revenue receipts to the tune Rs. 78.05 crore, while the revenue expenditure was pegged at Rs. 87.25 crore.

The Corporation would receive Rs. 82.89 crore as revenue from the capital account and had planned a capital outlay of Rs. 85.23 crore for various development works.

Out of the total revenue, the Corporation was expecting Rs. 17.03 crore as revenue from property tax in the next fiscal. The civic body has a total of 1,17,378 property tax assessments. The total included 2,939 new assessments included during the current fiscal.

The Corporation would receive about Rs. 3.16 crore as professional tax and Rs. 2.64 crore as rent from its 425 shops in the town.

The Mayor said that the civic administration had planned to build a few more commercial complexes including a modern complex with parking facility in the next fiscal in order to enhance the revenue.

Deputy Mayor K.C. Palanisamy; Corporation Commissioner M. Vijayalakshmi; and senior officials were present.

The Budget did not feature any major scheme for the development of the town except the proposal to allocate funds for the much-awaited 80-ft road.

The Mayor said the civic body would allot Rs. 50 lakh to lay the 80-ft road connecting the Brough road and Chennimalai road. “We will start the work quickly as it will help ease the traffic congestion in the town,” she said.

The 80-ft road is one of the long pending demands of the people in the town. Apart from this, no major infrastructure projects has been announced.

But there is mention of a number of programmes such as the plan to establish a new bus stand and Uratchikottai water supply scheme, which found a place in many previous budgets too. Ms. Mallika Paramasivam said the civic body would prepare a proposal to establish a new bus stand as the existing one could not handle the growing traffic. She, however, did not spell out when the scheme would come up.

On the new Uratchikottai water supply scheme, she said the proposal had already reached advanced stage and it would be finalised shortly.

She further said the civic body would sink 93 new borewells in different parts of the town to ensure adequate supply of water to the residents. Generators would be installed at the pumping stations and treatment plants at a cost of Rs. 68 lakh.

While reading out the status of the ongoing Under Ground Drainage project, she said it would be completed and brought to public use by January 31, 2015. Proposals had been submitted to the government seeking funds to relay the roads that were damaged during the implementation of the project. The civic officials were also preparing a detailed project report to lay underground sewage pipelines in the newly added two town panchayats and five village panchayats, she said.

The Budget proposes to implement energy efficient practices in street lighting and all the offices of civic body at a cost of Rs. 21 crore. It proposes to establish a biogas plant at a cost of Rs. 90 lakh to generate power.

The plant will use the degradable waste generated in the town.

 

Rs.3.38-cr. deficit budget presented for Tirunelveli

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The Hindu                      28.03.2013

Rs.3.38-cr. deficit budget presented for Tirunelveli

Special Correspondent 

A slew of measures for corporation schoolchildren.

Presenting the Corporation’s Rs.3.38-crore deficit budget for 2013 – 2014 on Wednesday, Mayor Vijila Sathyananth announced a slew of measures for the benefit of children studying in the schools being administered by the urban local body.

As per the announcements made by Ms. Vijila, all Corporation Higher Secondary Schools will get smart classrooms and napkin vending machines, computers with projectors and medical monitoring system for the corporation schoolchildren. She earmarked Rs. 75 lakh for the purchase of computers with projectors.

She said the Kallanai Corporation Higher Secondary School, Corporation Higher Secondary School at Meenakshipuram, Rani Anna Corporation Higher Secondary School at Pettai and Quaid-E-Millath Corporation Higher Secondary School at Melapalayam would get the smart classrooms on an outlay of Rs.1.25 crore.

Napkin-vending machines would be installed at the cost of Rs.6 lakh during this fiscal and incinerators established in schools. Ms. Vijila introduced ‘Amma Medical Monitoring Activities (AMMA)’ for schoolchildren, who would be screened every month by the City Health Officer and appropriate medical assistance rendered based on the findings and annual dental and eye camps would be conducted in all Corporation schools.

Each student studying in the Corporation school would be insured as the urban civic body would pay the annual premium of Rs. 25 per student. A full-fledged counselling centre would be established in every Corporation school.

An auditorium on an outlay of Rs. 1 crore would be established at Kallanai Corporation Higher Secondary School.

Apart from this, steps would be taken to bring drinking water to the Corporation from Ariyanayagipuram on an outlay of Rs. 290 crore and the areas yet to be covered by the underground drainage scheme would get the sewerage scheme under the National River Water Conservation Programme.

New administrative buildings for Melapalayam and Thatchanallur Zones, tiled pedestrians’ path between Sulochana Mudaliar Bridge to Murugankurichi Signal, apartments for homeless conservancy workers of Tirunelveli Corporation, a facelift to the Tirunelveli Junction, Vaeinthaankulam and Palayamkottai bus-stands with additional facilities, night shelter at Sindupoondurai for the homeless and the elderly were some of the new facilities the Corporation plans to pursue during this financial year.

LED, CFL facility

Ms. Vijila announced that the existing streetlights would be replaced by the LED and CFL bulbs under the ongoing ‘Energy Efficiency Project’.

"This will be created under ‘Build, Own, Operate and Transfer’ mode," the Mayor said.

Last Updated on Thursday, 28 March 2013 05:12
 


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