Property tax single largest source of revenue for MCC
The 2021-22 funds of the Mysuru City Corporation (MCC) initiatives a revenue of ₹987.68 crore and anticipates an expenditure of ₹981.55 crore.
The revenue by means of property tax is one of its main source of revenue and it has projected to accrue ₹188.44 crore beneath this head throughout 2021-22 as towards ₹132.16 crore realised throughout the earlier monetary 12 months.
Tariff on water provide and UGD cess is predicted to accrue ₹65 crore as towards ₹54.12 crore realised final 12 months.
The MCC additionally expects a grant of ₹75 crore this 12 months for clearing electrical energy payments and ₹70.86 crore for workers wage and pension. This is along with ₹70.27 crore anticipated from the fifteenth Finance Commission. Other projected sources embody ₹30 crore from the CM’s Nagarothana scheme and ₹25 crore from Mahatma Gandhi City Development Plan.
This aside the MCC expects ₹6.65 crore from CR reviews, fines, highway slicing fees and so forth and ₹9 crore from commerce licenses. The leases by means of varied complexes and retailers of MCC is predicted to yield ₹4.25 crore.