GHMC proposes Rs 4,599 cr budget
Feb 20, 2014
Source : The Times of India

 

HYDERABAD: To woo youth just ahead of the elections, Hyderabad mayor Mohammed Majid Hussain has allotted more funds for them. Though the commissioner proposed Rs 3,850 crore as budget estimate, the standing committee has enhanced it to Rs 4,599 crore.

Majid Hussain and GHMC commissioner Somesh Kumar briefed the meida about the budget details at GHMC head office on Wednesday. According to the mayor, the commissioner proposed Rs 1,040 crore under revenue income head for 2014-15, which includes Rs 950 crore property tax, Rs 60 crore from trade licence fee and Rs 30 crore through advertisement taxes. However, the GHMC standing committee revised it to Rs 1,440 crore. Stating the reason for amendment, the mayor said the committee had recommended another Rs 300 crore as tax increment financing.

Regarding revenue expenditure, the commissioner proposed Rs 325.6 crore, but the standing committee revised it to Rs 473.6 crore. The mayor said the committee recommended stipend for sportsmen at district, state and national levels.

The GHMC allocated Rs 10 crore for house numbering, Rs 36 crore for rent on hiring mechanical sweeping services and Rs 8 crore

for night shelters and training Rs 18 crore, school approach improvement, Rs 11 crore and scheme Rs 11 crore was shown under the revenue expenditure head. For the first time, the GHMC has allotted Rs eight crore for night shelters, the mayor added.

The standing committee decided to allocate Rs 35 crore for development of new parks, Rs 10 crore for protection of lakes, Rs 50 crore for new stadia and swimming pools, Rs 12 crore for setting up new GHMC circle offices/ward offices, Rs 25 crore for toilets, Rs 300 crore for comprehensive road development programme, Rs 25 crore for Mir Alam tank development.

The mayor also said the standing committee recommended allocation of Rs 30 crore for heritage tourism corridor and Rs 36 crore for function halls. For office automation, the standing committee allocated Rs 4.5 crore and RO plants Rs 20 crore, Rs 8.4 crore for Gateway of Hyderabad and for innovate projects Rs 50 crore, he added.

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