You will not pay more taxes, but no major projects for city
Rs1,975-crore budget stresses on completing existing and smaller projects
The Rs1975.85crore budget of Navi Mumbai Municipal Corporation (NMMC) for the financial year 2016- 17 stresses on completing existing and smaller projects.
There is no increase in taxes in the budget but there is no major new project for the city either. The budget is marginally higher than last year’s revised budget of Rs1846.52 crore.
Municipal commissioner Dinesh Waghmare said he had presented a realistic budget that can be implemented.
The municipal cor poration has proposed receipts of Rs1,900.23 crore against an expense of Rs1,975.40 crore. It has an opening balance of Rs75.62 crore and hence it is expecting a surplus of Rs45.54 lakh.
Presenting the budget to the standing committee on Monday, Waghmare said, “We have taken into account last year’s income and the fast-paced progress of the city and have accordingly endeavoured to maintain a proper balance between the actual expected income and the fulfillment of the needs of the civic services in the city.”
The proposed receipts include funds amounting to Rs87.51 crore which will be sourced from the government, Jawaharlal Nehru National Urban Renewal Mission in loans and grants. Last year, there were no receipts under the heads.
The NMMC is expecting a revenue of Rs850 crore from local body tax and cess arrears and grant from the state government in lieu of LBT, Rs580 crore from property tax, Rs100 crore from town planning development charges, Rs110 crore from water charges, Rs25 crore from advertising, Rs19 crore from Morbe dam water sale and Rs15 crore from road digging among others.
The NMMC has proposed the completion of the Rs700- crore project of upgrading civic infrastructure in the TTC industrial area of the city. While Rs242.87 crore worth of work has been completed, the rest of Rs392.61 crore worth of project is expected to be completed this year.
Waghmare said, “The stress is on completing existing projects rather than taking up new ones. This will help control capital expenses. The new projects that we have taken up are small ones. This is a realistic budget.”
The NMMC budget being presented to the standing committee on Monday.