NASHIK: The Nashik Municipal Corporation (NMC) has reported 30% drop in the revenue for the first quarter (April-June) of this financial year.
Civic chief Kailas Jadhav has directed all head of departments (HODs) to undertake only those work that are essential and that too after checking the availability of funds.
The directives from Jadhav came during a meeting called to review the financial condition of the civic body. The NMC had expected to generate a revenue of Rs 500 crore through various taxes, but could only manage to collect Rs 350 crore. This includes Rs 273 crore GST grant by the state government and remaining Rs 77 crore through various taxes of the town planning department.
The civic body had projected revenue generation of Rs 2,100 crore through various taxes and grants amounting during the current financial year and is expecting a drop of Rs 300 crore.
An NMC official said health experts have projected the third wave of the pandemic anytime this year. “Hence, revenue generation will be affected if the pandemic hits the city again, but the projected drop of Rs 300 crore in revenue may be reduced to Rs 100 crore if there is no third wave,” he said.
“Moreover, the NMC is also expecting revenue through the various taxes of the town planning department to increase during the current financial year. We will take a decision about approving various development work after the July-September period review of the current financial year,” he added.
