The Hindu 27.03.2013
Corporation budget passed
The Kochi Corporation approved the budget for the next financial year after incorporating the objections raised by the Opposition bench.
In reply to the two-day debate, Mayor Tony Chammany said Rs.10 crore would be taken as loan from banks to clear payments due to contractors.
Councillors will be given Rs.75 lakh each as division fund to take up development projects, he said. A special meeting of the finance committee was convened ahead of the reply speech, as the Opposition had complained that the projects mentioned in the budget speech were not discussed in the committee. Councillor M. Anil Kumar raised the issue, following which the Mayor decided to disperse the council meeting and convene the committee meeting.
The Mayor told the council that a monitoring committee would be formed to supervise the activities of the solid waste treatment plant at Brahmapuram.
In response to apprehensions raised by councillors about the functioning of this proposed committee, Mr. Chammany said no step to undermine the authority of the civic body would be entertained.
Mayor also said that the fund to the tune of Rs.25 crore released by the State government would be used for widening the stretch between M.G. Road and Pullepady Bridge.
