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BMC presents surplus budget of Rs 15.78 cr

Posted on Feb 05, 02:45PM | UNI

Mumbai, Feb 4 : Brihamumbai Municipal Corporation (BMC) commissioner Sitaram Kunte today presented estimated surplus budget of Rs 15.78 crore for the year 2013-14, thanks to the rise in revenue due to various amendments in development control regulations (DCR) and MRTP act.

Presenting the budget of the cash-rich municipal corporation in the country in presence of standing committee chairman Rahul Shewale, the commissioner said the total size of budget estimated for the next financial is Rs 27,578.67 crore showing an increase of 23.17 per cent, as against previous year's budget.

The estimated net expenditure would be Rs 27,492.57 crore showing a surplus budget of Rs 15.78 crore, he said.

He further said various amendments in development control regulations (DCR) and MRTP act made by the state government have resulted into a sizable increase in the corporation revenue.

The new sources of premium against fungible FSWI has fetched Rs 943 crore upto January 24 this year. This is expected to cross Rs 1,150 crore by the end of current financial year. Further, the premium charges received against additional FSI 0.33 in suburban area have shown an increase of Rs 45.15 crore as against the revenue collection for year 2011-12 of Rs 229.85 from this sources.

The corporation has also generated revenue from the new modification introduced in public parking lot scheme under DCR 33(24) has netted Rs 90.55 crore till January 24 this year.