Rs.25.94-crore deficit budget for Tirunelveli

print   ·   T  T  
Discussing a point: AIADMK members involved in a debate with the Mayor, A.L. Subramanian, during the council meeting in Tirunelveli on Wednesday.
Discussing a point: AIADMK members involved in a debate with the Mayor, A.L. Subramanian, during the council meeting in Tirunelveli on Wednesday.

Staff Reporter

Rs.23.78 crore allocated for augmenting water supply

TIRUNELVELI: The Rs.25.94-crore deficit budget of the Corporation for the fiscal 2008–09, presented by the Mayor, A.L. Subramanian in the council meeting held here on Wednesday, envisages an allocation of Rs.23.78 crore for constructing overhead tanks and laying distribution pipelines.

While the Corporation’s total revenue stood at Rs.71.26 crore, the projected expenditure during this financial year is Rs.97.20 crore, resulting in a deficit of Rs.25.94 crore.

The most interesting feature of the budget is that it has to pay a whopping sum of Rs.2.84 crore towards interest (Rs.1.60 crore) and principal (Rs.1.24 crore) for the loan the ubran body has availed.

Apart from the amount of Rs.17.83 crore to be allocated by the Government, the Corporation expects to garner an income of Rs.13.40 crore through the collection of property tax and another Rs.1.98 crore by way of other taxes. Other major sources of income are the dividends, service charges and taxes payable to the civic body etc., which collectively promises a sum of Rs.15.67 crore. Collection of water tax promises an income of Rs.18.05 crore.

Of the total expenditure of Rs.67.99 crore, disbursement of salary to the officials and employees takes nearly Rs.17 crore and another Rs.5.42 crore has to be earmarked for giving pension.

After several areas under the jurisdiction of the corporation suffered a lot during the recent rains due to stagnation of water, Rs..4.67 crore has been allocated for laying drainage channels and another Rs.17.33 crore for laying roads and pavements. Cement roads will be laid on an outlay of Rs.5.20 crore while construction of drinking water overhead tanks will cost Rs.5.75 crore.

Construction of new buildings will be taken up during this fiscal at the cost of Rs.7.02 crore and for the installation of streetlights and its maintenance Rs.1.66 crore has been earmarked. For the maintenance of corporation vehicles Rs. 1.09 crore has been allocated.

To improve the supply of drinking water even to the periphery, Rs. 23.78 crore has been allocated for the construction of overhead tanks, laying of distribution pipelines while erection of public taps will cost Rs.30 lakh to the civic body. For the underground drainage project, Rs.7.35 crore has been allocated.

Construction of buildings, particularly school buildings and purchase of computers will cost Rs.1.25 crore.

“Though the Corporation’s revenue is lesser than the awaiting expenditure, we’ll manage to provide the best possible service to the public,” Mr. Subramanian noted.

In a lighter vein, the chairman of Palayamkottai Zone, Suba. Seetharaman, said: “I compliment the officials who prepared a deficit budget as only then the Government will come to our rescue considering the cash-starved situation.”




Recent Article in TAMIL NADU

Film on slain Lankan TV journalist banned

The Central Board of Film Certification (CBFC) has refused to certify ‘Porkalathil Oru Poo,’ a film based on real life story of televisio... »