AMC announces Rs. 8,051 crore budget for year 2019-20

Ahmedabad: Amdavad Municipal Corporation (AMC) today announced annual budget for financial year 2019-20 in size of Rs. 8,051 crore budget.

With increase in non-tax revenue, special Chief Minister Swarnim fund from State government and bonds issued recently of Rs. 200 crore and Rs. 500 crore(with World Bank), there has been no increase in property tax, water tax, vehicle tax and conservancy tax this year said Amul Bhatt, Chairman of Standing Committee adding that 100% relief is provisioned for electric vehicles in upcoming financial year.

32% of budget will be spent on development works, said Bhatt.

He said tax rebate give to municipal corporation run hospitals and physiotherapy centres has been increased from 40% to 70%.

According to Bhatt, revenue split is estimated at Octroi revenue 26 paisa, General tax 10 paisa, water and conservancy tax 6 paisa, vehicle tax 2 paisa, professional tax 4 paisa, non tax revenue 27 paisa, revenue grant subsidy contribution 14 paisa, other revenue 11 paisa.

Expenditure split is estimated this way: Establishment 28 paisa, administration and general 2 paisa, maintenance 7 paisa, power and fuel 4 paisa, service and programme 8 paisa, contribution subsidy and grant 18 paisa, loan charges 1 paisa and development works 32 paisa.

This article shall be updated with more details.

Standing Budget 19-20 Final by on Scribd

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