According to the seventh Pay Commission, Pune is more likely to get solely 30 per cent of the proposed Rs 4,035 crore for improvement work within the metropolis on account of monetary disaster on account of Covid-19, inflation and wage hike of workers.
The Pune Municipal Corporation (PMC) has ready an estimated finances of Rs 8,370 crore for 2021-22. However, the civil administration has flagged a potential shortfall in income assortment and improve in unplanned expenditure. The PMC is more likely to get solely Rs 1,300 crore of the whole finances for improvement works. Thus, the cash must be spent rigorously,” mentioned municipal commissioner Vikram Kumar.
The estimated availability of funds for improvement works is simply 15 per cent of the finances of Rs 8,370 crore. In order to provide precedence to improvement works on account of paucity of funds, the civil administration had constituted a finance committee consisting of varied senior civil officers.
However, the elected representatives opposed it. “We have directed the civil administration to close down the finance committee. Standing committee chairman Hemant Rasane mentioned that the elected representatives would quickly be allotted funds for improvement of their respective areas.
PMC’s estimated finances for the monetary 12 months is Rs 8,360 crore. However, the income assortment within the first quarter of 2021-22 has not been as much as expectations. There was a lockdown for 2 months within the first quarter of the monetary 12 months. Moreover, the Covid-19 scenario is unpredictable,” Vikram Kumar had advised the elected representatives.
“The tax hike proposed by the civic administration has been rejected while the regular taxpayers have been given a rebate of 15 per cent in property tax. There is bound to be a reduction in revenue collection while expenditure is increasing,” he mentioned.
“The PMC will have to spend Rs 500 crore to implement the Seventh Pay Commission for civilian employees and Rs 150 crore to fund the Pune Mahanagar Transport Mahamandal Limited (PMPML) for its operational losses due to the lockdown. The hike in fuel prices and electricity rates has put additional financial burden on the civic body. The essential and unplanned expenditure is likely to increase by Rs 1,200 crore. This will affect the total estimated revenue expenditure of the civic body,” Kumar mentioned.
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With inputs from TheIndianEXPRESS
