The Mysuru City Corporation (MCC) presented a Rs 4.70-crore surplus budget for the fiscal 2017-18 on Friday.
The total revenue receipts are estimated at Rs 869.53 crore, including the opening balance of Rs 190.29 crore while the projected expenditure for the fiscal is pegged at Rs 863.83 crore.
The civic body expects Rs 175.12 crore from property tax, Rs 70.90 crore from water and underground drainage cess. The Palike aims to collect Rs 8 crore and Rs 3.81 crore from trade licence and rent respectively. The revenue also includes funds from the State Finance Commission, state and Union governments.
In the previous budget, the MCC had expected revenue of Rs 670.03 crore, but, it could collect only Rs 321.48 crore till December 2016. Mallesh, in his budget speech, said that the MCC has earmarked Rs 153.20 crore for construction of new roads and maintenance of existing roads.
He added that Rs 50 lakh has been set aside for holding programmes to mark 155th anniversary of MCC. A series of programmes and competitions will be organised for corporators and the Palike staff. Also, Rs 14.17 crore has been announced for fixing of heritage-type electricity poles on Ashoka Road and to replace existing sodium bulbs with LED bulbs. Besides, Rs 1 crore each has been earmarked for development of the Town Hall and for building e-toilets.