Budget to be finalised by month-end
It is estimated to get Rs. 80 cr under JNNURM25 percent of budget to be spent on urban poor
BHUBANESWAR: The Bhubaneswar Municipal Corporation (BMC) has solicited views from its 47 corporators on Rs 179.68-crore budget proposals for the 2007-2008 fiscal.
"A meeting of corporators will be convened during last week of February to finalise the budget," the BMC Commissioner Aparajita Sarangi said here on Thursday.
While the corporation aims to mobilise more than half of its resources from Central-sponsored project - Jawaharlal Nehru National Urban Renewal Mission (JNNURM), the tax revenue and compensation in lieu of octroi constitute a major portion of its targeted earning in the coming financial year.
The draft budget said the BMC would get Rs 80 crore through JNNURM while about Rs. 52 crore from tax revenue and the compensations. The corporation has so far been able to collect about Rs 57.55 lakh in last eight months from rental income from municipal properties against the budgetary estimate of Rs. 3.19 crore. Looking at the failure to meet the estimated target in the current fiscal, the BMC has fixed a realistic target of Rs. 2.58 crore on this account.
"Our major focus will be on lighting the city in coming financial year. And we want spend 25 per cent of the total budget on the urban poor," Ms. Sarangi said. Repair and maintenance of BMC structures and general administration will eat into major part of the expenditure during the coming fiscal. While Rs. 29 crore is targeted to be spent alone on repair, Rs 15.06 crore has been earmarked for administrative expenditure.