Thureday 14/02/2008
No new taxes; revenue crosses Rs 1,000 crore
CBD-BELAPUR: Municipal Commissioner Vijay Nahata presented the civic budget for 2008-09 along with the revised budget for 2007-08 to the municipal Standing.
For the first time, the municipal budget is
Crossing Rs 1,000 crore marks.
The revenue side of the budget shows a surplus of Rs 4.09 lakhs. The total estimated revenue is Rs 1,297.01 crores. The figure includes generous grants under JNNURM and BSUP and also a loan of Rs 606.13 crore from MMRDA.
The budget envisages an expenditure of Rs 1,296.97 crores.
The two main revenue sources-Cess and property tax – are expected to give better yields. The Commissioner hopes to rake in Rs 225.03 crores from the former and Rs 161.32 crores from the later. This is against the current year’s estimates of Rs 195.02 crores and Rs 128.27 crores respectively.
The budget envisages the completion of some important ongoing works.
They include concretization of Thane-Belapur Road, transfer of Morbe dam, laying of Kalamboli-Digha water pipeline and construction of ultramodern sewage treatment plants at Nerul, Vashi and Ariroli. Other significant works to be undertaken include the construction of NMMC headquarters building, construction of underground and elevated parking spaces, construction of an abattoir and several school buildings. Yet other works proposed are the construction of a grand memorial for Dr Babasaheb Ambedkar, utilization of nonconventional energy, opening of 100-bed hospital at Airoli, construction of a trauma unit at Vashi hospital construction of homes for tribals and recreation centres for senior citizens.
The Standing Committee will deliberate on the budget at special budget meetings convened on 21,22,25 and 26 February, 2008 before sending it to the general body for approval, announced Standing Committee Chairman Sandeep Naik.
CBD-BELAPUR: Municipal Commissioner Vijay Nahata presented the civic budget for 2008-09 along with the revised budget for 2007-08 to the municipal Standing.
For the first time, the municipal budget is
Crossing Rs 1,000 crore marks.
The revenue side of the budget shows a surplus of Rs 4.09 lakhs. The total estimated revenue is Rs 1,297.01 crores. The figure includes generous grants under JNNURM and BSUP and also a loan of Rs 606.13 crore from MMRDA.
The budget envisages an expenditure of Rs 1,296.97 crores.
The two main revenue sources-Cess and property tax – are expected to give better yields. The Commissioner hopes to rake in Rs 225.03 crores from the former and Rs 161.32 crores from the later. This is against the current year’s estimates of Rs 195.02 crores and Rs 128.27 crores respectively.
The budget envisages the completion of some important ongoing works.
They include concretization of Thane-Belapur Road, transfer of Morbe dam, laying of Kalamboli-Digha water pipeline and construction of ultramodern sewage treatment plants at Nerul, Vashi and Ariroli. Other significant works to be undertaken include the construction of NMMC headquarters building, construction of underground and elevated parking spaces, construction of an abattoir and several school buildings. Yet other works proposed are the construction of a grand memorial for Dr Babasaheb Ambedkar, utilization of nonconventional energy, opening of 100-bed hospital at Airoli, construction of a trauma unit at Vashi hospital construction of homes for tribals and recreation centres for senior citizens.
The Standing Committee will deliberate on the budget at special budget meetings convened on 21,22,25 and 26 February, 2008 before sending it to the general body for approval, announced Standing Committee Chairman Sandeep Naik.
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