City Mayor Malini Gaud here on Tuesday presented a deficit budget of about Rs 94 crore. This year's budget which is in fact the third budget of the current municipal council shows a deficit of Rs 93.70 crore for the financial year 2017-18. As compared to last year, the IMC this year has reduced its budget deficit by Rs 5 crore.
Presenting the budget at the Brilliant Convention Centre here today, the city Mayor with an eye on the next assembly elections due in the state next year, has apparently given a big relief to the city tax-payers by levying no new taxes on them, besides keeping the existing tax rates unchanged.
In the current financial year, the total budgetary provisions for the IMC has been pegged at Rs 3,950 crore and 47.48 lakh. The budget proposes a total expenses of Rs 3,950 crore and Rs 47.48 lakh against an income of Rs 3,994 crore and Rs 65.31 lakh, thus sh owing a deficit of .Rs 93.70 crore.
The new budget has laid maximum emphasis on cleanliness of the city through RsClean Indore and Green Indore', increase in ground water level, besides making enough budgetary provisions for public utilities, public transport and sewerage system.
In the budget, provisions have also been made for construction of link roads and feeder roads in all 29 villagers which have been included in the jurisdiction of Indore Municipal Corporation.
Prior to commencement of budget session, Congress corporators congratulated IMC commissioner Manish Singh for being awarded with the IAS cadre.