Madikeri TMC approves Rs 78.88 lakh surplus budget

The expected income for the year was Rs 11.25 crore and expenditure Rs 7.25 crore.

The expected income for the year was Rs 11.25 crore and expenditure Rs 7.25 crore. Under SFC grant, TMC will get Rs 450 lakh, property tax will be Rs 135 lakh, license fee of Rs 11 lakh and Rs 20 lakh as rent collected from the commercial complexes. Other income of the TMC include Rs 29 lakh under 18 per cent grant, Rs 98.90 lakh under 12 Finance Commission, Rs 30 lakh rain compensation, Rs 20 lakh fixed deposit, Rs 25 lakh from SJSRY, Rs 4 lakh from Chief Minister’s speccial package.

The expenditure include Rs 1.72 lakh for the payment of salary, Rs 1.08 crore for the maintenance of property of TMC, Rs one crore for the water supply and payment of electricity bill, Rs 24.50 lakh for the cleanliness, Rs 43 lakh for outsourcing, Rs 24 lakh for water supply, Rs 34.60 lakh for tunnel construction, Rs 20 lakh for underground drainage, Rs 340.11 lakh for road and new works, Rs 81.75 lakh for storm water drains.

Before the presentation of the budget, JD(S) member Muneer Ahmmed and independent member K T Baby Mathew asked why the meeting was convened urgently and the budget details were sent to the members two days ago. All the members have been neglected.

TMC President P D Ponnappa said “the meeting could not be convened for three months and the developmental works need to be undertaken.”

A decision to earmark more funds for the drinking water was taken at the meeting. Baby Mathew urged the authorities to take measures to preserve water sources.

Ponnappa said Rs 30 lakh has been earmarked for the development of Kannandabane and Roshanara streams.

He also directed the engineer to speed up the work of filling the potholes. Vice President Latha Bangera, Commissioner (in charge) Gopalakrishna were present.

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