The Khulna City Corporation on Tuesday announced Tk 179.64 crore budget for 2011-2012 financial year, imposing no additional taxes.
The mayor, Talukder Abdul Khaleque, declared the budget at Shaheed Altaf Auditorium of Nagar Bhaban in the city He announced the revised budget of Tk 150.28 crore for 2010-2011 financial year against the proposed budgetof 159.19 crore andsaid inadequate tax collection and government allocation were responsible for it.
In the proposed budget, Tk 54.83 crore would be spent from KCC's own income and the rest Tk 124.81 crore from government allocation for development projects.
Marking the 2011-2012 fiscal year as the year of development of the city, the mayor declared that no new holding and business taxes would be imposed this year.
He said Tk 19.60 crore would be spent for public works, Tk 2 crorer for emergency water sector, Tk 3.40 crorer for public health sector and Tk 5.05 crore for conservancy sector from the government's annual development projects. Besides, if the corporation gets Tk 10 crore, it would be spent for public works, he added.
He said Tk 77.26 crore would be spent in government approved seven projects including road and footpath extension, infrastructure development, establishing sanitary landfill, establishing linier park by the side of River Moyur, urban public and environmental health sector development and Bangladesh municipal development fund.
The budget also allocated Tk 7.50 crore in a project for development of slum dwellers' socio-economic development funded by World Bank and different donor agencies.
The budget declaration ceremony, chaired by KCC finance and establishment standing committee chairman Memori Sufia Rahman Sunu, was also attended by KCC panel mayors – Ajmol Ahmed Tapan, and Ruma Khatun and chief executive officer Tapan Kumar Ghosh.
Source : New Age
