Municipal commissioner Rajendra Nimbalkar on Friday presented a Rs 1,213crore budget for the Panvel City Municipal Corporation (PCMC) for 2017-18.
This is the first budget of the civic body after its formation in October 1, 2016.
The budget proposes an income receipt of Rs1,114.40 crore along with an opening balance of Rs98.43 crore.
The estimated expenditure is of Rs1,035.78 crore, leaving a surplus of Rs177.05 crore.
With property tax being levied in the budget, the property owners in Cidco nodes will now have to pay property tax. As per the rates worked out, a 500square feet house will attract around Rs450 property tax per month.
So far, Cidco residents have had to pay only Rs60 to Rs100 as service charge.
However, with the municipal corporation being established, property tax has been introduced in accordance with the Municipal Corporation Act.
Nimbalkar said, “This is a well-planned budget for the civic body. Most of it has been worked out by my predecessor Sudhakar Shinde. The budget will ensure an all-around progress of the city.”
He added, “We will ensure that the tax regime is implemented at the earliest and are hopeful the residents will cooperate with us.”
There were 42,000 property owners in the erstwhile Panvel municipal council. “The corporation now has around 2.5 lakh property owners under its jurisdiction and hence we are estimating to earn Rs200 crore in property tax.”
Nimbalkar also said, “Among the highlights of the budget is a Rs8-crore provision for the plan to develop Dehrang dam of Panvel and Rs25 crore has been allocated to introduce modern education in civic schools.”
The civic body is also planning to have around three to four dumping grounds in various areas to ensure that the residents realise the garbage menace and segregate garbage at source.
Nimbalkar said, “The budget has been prepared after taking into consideration various challenges that the civic body faces. We are confident of making a big difference to the city in the coming year.”
The PCMC is gearing up for its first election.
Municipal commissioner Rajendra Nimbalkar had said that the elections are likely to be held on May 21.