Property tax is the highest income earner for the Kozhikode Corporation. The expected revenue from property tax for 2012-13 is Rs.27.50 crore.
In the current fiscal, the civic body is expected to collect property tax to the tune of Rs.22 crore.
The other sources of income for the civic body in the next financial year are professional tax, Rs.12.70 crore; rental income from buildings and land, Rs.11.80 crore; entertainment tax, Rs.3.50 crore; advertisement, Rs.1 crore; Dangerous and Offensive Trade Licence, Rs.2 crore; bus stand fee, Rs.60 lakh; and construction of building, Rs.7 crore.
Mayor A.K. Premajam, who made an introductory address before the presentation of the budget, said that the civic bodies in the State faced deep financial crisis in recent times.
The number of corporations and municipalities struggling to pay salaries to employees had increased in the past one year. Even then Kozhikode Corporation had been able to pay pension to employees despite the State government failing to reimburse Rs.20 crore. It was high time the State government took over the liability of paying the salary and pension of the employees of civic bodies, she said.
Prof. Premajam said that the financial assistance of the State and the Central governments was required to develop infrastructure in the city. However, the Corporation failed to obtain funds for several schemes on account of technical problems.
The Mayor said that the shortage of staff had affected municipal governance.
The bureaucratic system needed to be more professional.
Development programmes in the city should not be marred by narrow political motives, she added.