MC to raise major portion of budget from public
The Municipal Corporation of Jalandhar (MCJ) has planned Rs 552-crore budget for the upcoming financial year of which it is estimated to collect Rs 304 crore from the public.punjab Updated: Mar 22, 2014 12:40 IST
The Municipal Corporation of Jalandhar (MCJ) has planned Rs 552-crore budget for the upcoming financial year of which it is estimated to collect Rs 304 crore from the public.
The civic body will table the budget in the general house meeting to be held on March 24.
The cash-strapped municipal corporation was completely depending on the public for generating funds as most of the budget has been prepared on the basis of taxes and recoveries from residents.
These include the value added tax (VAT), property tax, water and sewerage bills, approval of building plans and advertising.
About Rs 150 crore will come in the form of grants from both the state and the central governments. The major chunk will come from the Centre.
Grants worth crores will come for various projects, including setting up of a sports hub at Burlton Park, from Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and Housing and Urban Development Corporation (HUDCO).
Of the total budget, about Rs 380 crore will be spent on development works, including the projects which are underway. The rest of the amount, about Rs 173 crore, will be spent on costs. Of the Rs 338-crore budget approved by the state government last year, the MC claimed to have spent Rs 222 crore on development works.
Keeping in view the model code of conduct for the Lok Sabha elections, the MC has not announced any major development project. As per the expenditure proposal for the budget, the civic body will spend less on development of parks and more on repair of roads.
The civic body plans to spend Rs 1 crore next financial year against Rs 1.5 crores spent on the maintenance of parks in 2013-14.
For road maintenance, Rs 71 crore will be spent against Rs 35 crores in earmarked for this purpose in 2013-14.
First Published: Mar 22, 2014 12:39 IST