BUDGET 2006-2007

BUDGET ESTIMATE 2006-2007

The Budget estimate for 2006-2007 has been prepared with the guidance of Head of Departments, Assistant Commissioners, Tax & Finance Committee, Other Standing Committee Chairman & Ward Committee Chairman and presented with the following newly designed schemes for approval before the Council.

Before going to the details of the present Budget for the year 2006-2007, the features of receipt and expenditure are detailed below. (Rs in Crores)

DEFICIT AT A GLANCE

The main reasons for deficit in 2005-2006 include additional expenditure regarding payment of Rs.4.00 crore from General Fund for Srirangam Water Supply Improvement scheme.  Further additional funds have been provided in the revised estimate for the National Slum Development project works as Corporation share for 2005-2006 to match the Special Grant sanctioned by Government.   Provisions have also been made for making payment for the spill over works sanctioned during  2003-2004 and 2004-2005. Though a sum of Rs.350.00 lakh was alone allotted for acquisition of land from Railway authorities for Central Bus Stand expansion, a sum of Rs.566.41 lakh has been paid to settle the demand fully.  As per orders received from Government, 2^nd & 3^rd installment on Gratuity and commutation to the tune of Rs.52.00 lakh has been additionally paid to the retired pensioners. 

However the deficit has been considerably reduced than previous years by prudent financial planning.   Efforts were taken to settle the court cases filed against the enhancement of Property tax, introduction of regular collection drives from 8.00 A.M to 8.00 P.M at collection centres, credit card use facilities.  Other E-Governance measures also facilitated to increase the revenue of the Corporation.  Further revised guidelines have been received from Government on layout regularisation and there is possibility of increasing receipt under this head.

Due to various measures taken to improve the financial status of this City Corporation , record collection of taxes and non taxes have been achieved during 2005-2006 as indicated below. (Rs in lakhs) 

As seen above, collection of revenue is Rs.1043.77 lakh more during 1.4.2004 to 31.1.2005 when compared to the collection made during 1.4.2003 to 31.1.2004.   As sincere efforts were taken since the beginning from 1.4.2005, a sum of Rs.160.21 lakh has been collected in excess during 1.4.2005 to 31.1.2006 when compared to the collection made during 1.4.2004 to 31.1.2005.

Allotment of funds for 2006-2007

For providing basic amenities and for better sanitation,  a sum of Rs. 4857.95 lakh has been provided as detailed below for the year 2006-2007.

Public Health and Sanitation (Rs. in Lakhs)           

Roads (Rs.in lakhs)

 Bus Stand Improvements Implementation            (Rs in Lakhs)

 Water Supply (Rs. in Lakhs)           

 School Buildings (Rs. in Lakhs)           

 Street Light facilities (Rs. in Lakhs)