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Andhra Pradesh - Vijayawada Printer Friendly Page   Send this Article to a Friend

VMC adopts 1,903-cr. budget

Staff Reporter

‘The burden of loan repayment on every citizen is Rs. 161.48'

VIJAYAWADA: The Vijayawada Municipal Corporation adopted a grand budget of Rs. 1,903 crore for the financial year 2011-12 taking the per capita repayment of loan to Rs.161.48 from about Rs.80 now, here on Tuesday.

The burden, in simple words, of loan repayment on every citizen in the city is Rs. 161.48. More so, the Corporation would have to take a loan of Rs. 200 crore (Rs.100 crore HUDCO loan, and Rs. 50 crore each from Corporation Bank and Union Bank) to keep momentum of ongoing developmental works and new proposals as well.

Of the total outlay, the VMC estimated that its capital income, including Jawaharlal Nehru National Urban Renewal Mission programme, 13 {+t} {+h} Finance Commission grants, Rajiv Awas Yojana and National Fisheries Development Board of Rs.1,542 crore. The Corporation's revenue income including non-plan grants is estimated to be Rs.308.64 crore. The Corporation, however, would have to shell out Rs. 19.37 crore towards repayment of loans alone.

The VMC accorded top priority to beautification and development of parks proposing to spend Rs. 5.72 crore, while estimates on initiatives for improvement of schools is mere Rs. 2.18 crore, and health for poor is Rs. 1.74 crore. The budget, not explicitly mentioned, the Corporation is poised to collect user charges on garbage collection in the city.

The VMC has not proposed any new taxes in the budget; but it wanted to raise the revenues through better compliance and administration, explained Krishna district Collector and Special Officer Mr. Peeyush Kumar. When asked, Municipal Commissioner G. Ravi Babu said: “the State government has issued GO to collect the user charges. We will implement it.”

Mr. Peeyush Kumar said that the VMC has chalked out plans to raise revenues through road cutting charges, encroachment fee, charges on cell towers, housing board water supply, IALA Board water supply, survey on residential buildings, survey on commercial complexes, impact fee etc.

As many as Rs. 350 crore were expected under RAY, and Rs.13 crore and Rs. 2.65 crore for NFDB, he said, adding, the expenditure on poor is 73.44 per cent of the total outlay, while on non-poor is 26.56 per cent.

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