If all goes well and without the intervention of corporators, the BBMP can have a realistic budget for 2012-13 and will not be burdened with spillover works like previous years.
BBMP officials have prepared a draft budget with an outlay of nearly Rs8,500 crore and submitted it to the BBMP Taxation and Finance Committee for review.
The BBMP has gone through pending files of works relating to all the eight zones. Only those projects for which works have begun will be carried forward, said a senior BBMP official.
“The projects for which finance is available and that are absolutely essential for the city’s infrastructure will be taken up. Those projects that are yet to take off will be deleted from the spillover work files. This will help BBMP prepare a realistic budget. The outlay for the previous budget was Rs 9,317 crore and this year, it will be in sync with the revenues,” said the official.
The works that have been given job codes will be carried forward. This year, the projects initiated by the BBMP are backed by revenues. No major works have been taken up. Now, the draft is with the Taxation and Finance Committee. “We only hope that the volume of the budget is not altered too much for better and scientific management of BBMP’s finances,” the official said.
The BBMP will borrow Rs2,000 crore from financial institutions. The other revenues of the BBMP are property tax, advertisement tax and revenue from building licence, 13th Finance Commission and State Finance Commission (SFC) grants. The BBMP is likely to present the budget in the first week of June.
For the first time, the BBMP is planning a separate programme of works for the funds granted by the state government.