You will not pay more taxes, but no ma­jor projects for city

Rs1,975-crore bud­get stresses on com­plet­ing ex­ist­ing and smaller projects

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - NAVIMUMBAI - G Mo­hi­ud­din Jeddy ht­for­nav­i­mum­bai@hin­dus­tan­

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.


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