Nagpur Municipal Corporation (NMC) Commissioner Shravan Hardikar on Friday (February 20) presented the civic body’s Revised Budget for 2014-15 and the Proposed Budget for 2015-16.
Presenting the Budgets, Hardikar said, “Nagpur Municipal Corporation’s Revised Budget for 2014-15 and Proposed Budget for 2015-16 have been prepared and presenting for approval of Standing Committee. I hope to continue increased revenue for NMC in the financial year 2015-16 for overall development of Nagpur like roads, water supply, street lights, health and sanitation, pollution-free beautiful and clean Nagpur has been given a special stress. Similarly, NMC’s schools, libraries, hospitals, gardens, sports development, integrated development of crematoriums etc have been given priority for development. Keeping in mind the expectations of citizens in the wake of growing urbanisation, efforts will be made to provide all basic facilities,” said the Municipal Commissioner while presenting the Budgets.
According to Revised Budget on NMC (including beginning balance amount of Rs 1102.38 crore of 1.4.2014) the Revised Revenue is expected to be Rs 1341.55 crore and the Revised Expenditure is expected to be Rs 1341.47 crore.
The total revenue for the Proposed Budget for 2015-16 is expected to be Rs 1294.67 crore. With the beginning balance amount of Rs 8.40 crore of 1.4.2015 the proposed revenue is expected to be Rs 1294.75 crore. The income from Local Body Tax (LBT) is expected to be Rs 500 crore, Property Tax – Rs 250 crore, Water Tax – Rs 125 crore, market recovery – Rs 6.05 crore, Town Planning Department revenue – Rs 71.75 crore, and other sources (grants, loans, investments, advances and deposits) is expected to be Rs 341.87 crore.
The total expenditure for the Proposed Budget for 2015-16 is expected to be Rs 1294.65 crore including salaries for employees/establishment Rs 307.64 crore, possible administrative expenditure Rs 24.96 crore, retirement pension Rs 95.00 crore, maintenance and repairs Rs 208.78 crore, capital Rs 602.82 crore and other heads Rs 55.45 crore. The balance amount (31.3.2016) is likely to be Rs 10.42 crore.
Nagpur City is Second Capital of Maharashtra and the Winter Session of State Legislature is held here. Nagpur City area is 217.56 sq km and according to 2011 Census the population is 24.05 lakh. Recently, according to Government Notification, Gram Panchayats of Hudkeshwar and Narsala were merged with Nagpur Municipal Corporation.
Local Body Tax:
The most important source of income for NMC is Local Body Tax. In the year 2013-2014, the income from LBT was Rs 295.74 crore. The recovery target for 2014-15 has been fixed at Rs 425 crore but for the period from April to November (eight months) the LBT including traffic revenue is 248.97.