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MCGM ASKS STATE TO PAY UP RS 700 CR IN DUES

mcgm-700-4On the other hand, faced with an acute financial crunch, the MCGM has demanded that the state pay up all its dues as early as possible. Various state departments owe the municipal corporation more than Rs 700 crore in the form of property taxes and water bills, for several years. The issue caused a heated debate in the civic house this week when elected representatives blamed the state government for the financial ill-health of the country’s richest municipal corporation. Corporators say that this is the same state government that had shamelessly demanded an afforestation charge, an agreement fee of Rs 93 lakh, land cost and 42% variation charge from the MCGM as part of the construction and planning of the middle Vaitarna water supply project. Therefore, on moral grounds, it should now immediately pay up our dues as early as possible, keeping in mind the current financial crisis. The MCGM is also facing a revenue shortage of over Rs 2,000 crore after its collection of octroi and development charges fell. The revenue collection from these two has seen a 15% to 20% drop over the past few months.

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