₹1,115 crore budget presented for VMC with ₹52.58 cr. deficit
The Hindu
₹98 cr. allocated for VMC schools, ₹25 cr. for fuel for vehicles
The Vijayawada Municipal Corporation council has presented a deficit budget of ₹1,114.93 crore for the financial year 2022-23. It is the lowest budget in at least the last seven budgets adopted by the civic body, which is short by ₹52.58 crore going by the estimated expenditure and income.
As per the budget presented in the special budget general body meeting held in the VMC council hall on Saturday, the estimated expenditure for the coming financial year 2022-23 is ₹1,114.93 crore, including ₹437.47 crore capital expenses. The revenue expense is ₹596.21 crore and a major part of it goes to staff expenses and operational expenses.
The civic body expects an estimated income of ₹1,062.35 crore, including ₹691.05 crore revenue income and ₹308.17 crore capital income. The estimated expenditure is ₹52.58 crore less than the estimated income.
Out of the estimated expenditure, ₹98.24 crore has been allocated for VMC schools, including salaries to teachers, ₹3 crore was allocated towards rents of ward secretariats, ₹21.5 crore for maintenance of roads, ₹18.5 crore for the maintenance of water supply and UGD system and ₹25 crore for fuel for VMC vehicles.
Under the revenue income, an estimated ₹164 crore property tax is expected and ₹16.33 crore vacant land tax is expected.
The civic body expects to recover ₹44.10 crore from railways in the form of service charges in place of property tax.
Also, the civic body aims to collect an estimated ₹25.40 crore towards user charges for garbage collection from residents and traders and an income of ₹22.19 crore is expected through renting out markets, shopping complexes and other properties.
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