The Mysuru City Corporation (MCC), which presented a Rs. 804.57 crore budget for 2014-15 last year, has barely managed to raise a revenue of Rs. 255.32 crore (31.73 per cent) till the end of December 2014, against the projected receipts of Rs. 706 crore.
According to information made available by the MCC during its 2015-16 budget on Monday, the MCC has revised the targeted total revenue collection till the end of the ensuing financial year on March 31 to Rs. 458.3 crore. Consequent to the huge shortfall in revenue collection, the revised budget estimate for 2014-15 has come down to Rs. 565.74 crore against the original Rs. 804.57 crore.
While presenting the budget, chairperson of the civic body’s Standing Panel on Tax, Finance and Appeals Haseena Taj said the MCC, which had anticipated a total receipt of Rs. 130 crore from property tax and khata transfer during 2014-15, had realised only Rs. 59 crore from property tax and Rs. 3.42 crore from khata transfer till end of December 2014.
Meanwhile, former councillor N. Kushal Kumar, who had presented the MCC Budget for 2004-05, said the MCC was unlikely to even collect the amount of revenue targeted in the revised estimate.
Contractors owed
Pointing out that the MCC was in a very bad financial shape, Mr. Kushal Kumar said the civic body owed more than Rs. 128 crore just to contractors.
