The Times of India 13.03.2013
Rs 28 crore deficit budget for PMC
for the 2013-14 fiscal year. The budget will now be presented before
the PMC board for discussion next week before it is forwarded to the
state government.
Mayor Afzal Imam
said in the budget, PMC has proposed an income generation of Rs 332
crore for the next financial year, while the expenditure is expected to
be around Rs 361 crore. According to PMC sources, like last year’s
budget, this year’s budget too shows that PMC is running in heavy
losses.
In the 2012-13 budget, PMC had a deficit of Rs 47
crore. Barring 2006-07 when the PMC had registered a marginal profit of
Rs 14 crore, the civic body has been running in losses for over a
decade.
The budget draft pins hopes on generating substantial
revenues by way of taxes to be collected from hoarding agencies and
telecom firms and as holding tax.
The PMC standing committee
has proposed Rs 4 crore for traffic signal system, Rs 10 lakh for
municipal library, Rs 5 lakh for cultural programmes, Rs 10 lakh for
municipal petrol pumps, Rs 84 crore for solid waste management and Rs 23
crore for storm/rain water drainage.