No new tax proposed in NMC budget
|Source: The Hitavada Date: 19 Mar 2017 10:04:02|
Municipal Commissioner Shravan Hardikar presents
Rs 1,700 crore budget before NMC’s Standing Committee
Revenue generation from pay and park scheme to surpass proposed income to be generated from
subsidised public transport system
In view of shrinking income and growing expenditure of Nagpur Municipal Corporation (NMC), Municipal Commissioner Shravan Hardikar has proposed fiscal discipline, transparency in expenditure and scrupulous implementation of the decision in the proposed budget of 2017-2018 presented before the Standing Committee, on Saturday. The Municipal Commissioner proposed new sources to mop up additional revenue without adding or suggesting hike in present taxes.
Standing Committee Chairman Sandeep Jadhav accepted the NMC administration’s budget. Jadhav is likely to present the budget by adding and incorporating electoral promises, to the general body in April.
The Municipal Commissioner has expected total income of Rs 1,707.90 crore in the financial year 2017-2018, while he has proposed total expenditure of Rs 1,707.64 crore. The proposed budget will increase by only about Rs 70 crore as compared to the revenue generation target of the previous year.
Hardikar also presented revised budget of Rs 1,636.54 crore income for the financial year 2016-2017. He cut the Standing Committee budget presented to the general body of Rs 2,048.12 crore by almost Rs 412 crore.
However, he succeeded in exceeding the budget target by over Rs 100 crore. He had presented the budget of Rs 1,534 crore of FY-2016-2017, and now, he has revised same to Rs 1,636 crore.
The Municipal Commissioner has expected Rs 100 crore from the amnesty scheme of Property Tax Department. The present income of NMC is around
Rs 1,100 crore and the Municipal Commissioner expected that the administration may achieve the target.
The Municipal Commissioner has proposed reveneu generation of Rs 8 crore from Pay and Park policy. The local body has cleared the policy in the city and this may become a good revenue source for the transport services. He expected expenditure of Rs 108 crore for plying of new buses and it would be cross-subsidised from Pay and Park plan.
It is impossible for the city to provide parking slots for 13 lakh registered vehicles in city, he admitted.
Hardikar also said, the new office-bearers will have to plan schemes in view of next five years to make Nagpur City smart, liveable, generating employment, and attracting start ups. The planning from the first year will give a boost to the economy of the civic body. He hoped for revenue generation from property tax rationalisation in the next fiscal.
The Municipal Commissioner emphasised on women and child welfare schemes, Divyang schemes, concentration on education of the civic schools, Swachh Bharat Mission, reclamation of 100 acres land in Bhandewadi, and seven town planning schemes
suggested in Hudkeshwar