Income

MC struggles to meet budget revenue target: The Tribune India


Tribune press service

Ludhiana, March 17

The Municipal Corporation is struggling to meet the proposed budget target of Rs 892 crore (not including the loan of Rs 100 crore) for the financial year 2021-22. The target is to be met by March 31, but the MC has generated revenue of just Rs 707.57 crore till March 16.

Against the target of Rs 110 crore, the MC collected Rs 82.96 crore as property tax. The civic body also served formal notices to property tax defaulters.

MC collection for water supply and sanitation charges seemed to be too low for this exercise. The MC generated revenue of just Rs 38.95 crore from April 1, 2021 to March 16, 2022, against the target of Rs 90 crore. The civic body had generated around Rs 59 crore in the corresponding period of the last financial year.

The MC received Rs 469.23 crore as GST/VAT collection and Rs 42.04 crore as additional excise duty which is higher than the revenue offered under these headings in the current financial year .

The MC has so far collected Rs 2.45 crore in rent and fees from Tehbazari against the target of Rs 6.5 crore.

The building branch of the MC has been given a target of Rs 13 crore as construction fee/building regularization fee, but the civic body has collected Rs 4.82 crore so far. The civic body has collected Rs 10.57 crore as land use change/development fee so far against the target of Rs 20 crore.

Commissioner, MC, Pardeep Kumar Sabharwal called a meeting with officials on Thursday and asked them to speed up the recovery campaign.

We learn that the meeting of the Chamber of the MC for the next budget of the exercise would be held before the end of this month.