The Times of India 04.09.2012
Rs1.8k cr civic budget to be presented at meet today
NASHIK: The standing committee of the Nashik Municipal Corporation
(NMC) will present the budget of the civic body for the financial year
2012-13 at the special general body meeting (GBM) on Tuesday. Committee
chairman Uddhav Nimse will present the Rs 1,810.82 crore budget.
Speaking to TOI, Nimse said, "The budget has already been delayed by five months due to NMC and MLC polls. But developmental work worth Rs 400 crore was carried out during this period."
The former municipal commissioner P Velarasu had presented the NMC budget amounting to Rs 1170.85 crore on March 31. The standing committee revised the by suggesting measures to increase revenue by Rs 639.97 crore, thereby increasing the budget from Rs 1,170.85 crore to Rs 1,810.82 crore.
The commissioner had advocated a loan of Rs 200 crore for the civic body to which the standing committee suggested a hike of Rs 100 crore, increasing the total loan amount to Rs 300 crore. The committee has presumed that the NMC would get Rs 195 crore as compensation from the National Highways Authority of India (NHAI) that is handling the highway widening project.
The committee has also suggested levying charges to earn revenue Rs 100 crore annually from 24 properties to be developed by the NMC for commercial purposes on a build-operate-transfer basis. The committee also suggested rent revision for civic-owned properties according to market rates to increase revenue by Rs 20 crore. Regarding hoardings, the panel suggested hiking taxes to increase revenue from Rs 56 lakh to Rs 15 crore.
Speaking to TOI, Nimse said, "The budget has already been delayed by five months due to NMC and MLC polls. But developmental work worth Rs 400 crore was carried out during this period."
The former municipal commissioner P Velarasu had presented the NMC budget amounting to Rs 1170.85 crore on March 31. The standing committee revised the by suggesting measures to increase revenue by Rs 639.97 crore, thereby increasing the budget from Rs 1,170.85 crore to Rs 1,810.82 crore.
The commissioner had advocated a loan of Rs 200 crore for the civic body to which the standing committee suggested a hike of Rs 100 crore, increasing the total loan amount to Rs 300 crore. The committee has presumed that the NMC would get Rs 195 crore as compensation from the National Highways Authority of India (NHAI) that is handling the highway widening project.
The committee has also suggested levying charges to earn revenue Rs 100 crore annually from 24 properties to be developed by the NMC for commercial purposes on a build-operate-transfer basis. The committee also suggested rent revision for civic-owned properties according to market rates to increase revenue by Rs 20 crore. Regarding hoardings, the panel suggested hiking taxes to increase revenue from Rs 56 lakh to Rs 15 crore.
