The Hindu 05.02.2014
Rs. 2.94-cr. surplus budget
In the absence of a council body of Hubli Dharwad
Municipal Corporation (HDMC), the State government has approved a Rs.
2.94-crore surplus budget for the financial year 2014-15.
Releasing
the budget estimates on Tuesday, Deputy Commissioner of Dharwad Sameer
Shukla, who is also the Administrator of the municipal corporation, said
there would be an increase of 10 per cent in the corporation’s revenue
from last year.
A total revenue of Rs. 344.31 crore
is expected from all sources, including property tax, rents and grants,
in 2014-15 and the expenditure is estimated at Rs. 341.36 crore.
Of
the total expenditure of Rs. 341.36 crore, the corporation will spend
Rs. 116.78 crore for employees’ salaries, allowances and pension, Rs. 33
crores towards electricity charges, among others.