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Tk 1009cr DCC budget tomorrow

Helemul Alam
Dhaka City Corporation (DCC) is to announce aTk 1009.41 crore budget tomorrow for the fiscal year 2008-2009 with provisions for the lion's share of the money coming from revenue.
The DCC expects Tk 527.51 crore of the budget to come from revenue.
The budget is Tk 392.47 crore less than the budget of 2007-08 fiscal year and Tk 291.84 crore higher than the revised budget of that year.
This will be the seventh budget of DCC Mayor Sadeque Hossain Khoka who is likely to repeat previous years' pledge of not raising holding taxes or imposing any new taxes on city dwellers, said an official of the DCC.
Sources said the revenue collec-tion mechanism would be strengthened for financing development programmes aimed at making city life comfortable.
A general meeting with ward commissioners will be held at 11:00am tomorrow, two hours before the budget announcement, seeking their suggestions, said a ward commissioner.
A number of commissioners, however, said the meeting is nothing but a formality as it will be held just before the budget announcement after completion of all the due processes.
The corporation earns tax and rent revenues from holdings, illuminations and conservancy, trade
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licences, advertisements, road diggings, rickshaw licences, marketsandcommunitycentres.
Government, foreign finance and private sector investment are expected to amount to Tk 242.90 crore which is Tk 376.53 crore less than the current fiscal year s budget and Tk 55.17 crore more than the current fiscal year’s revised budget The DCC was able to get Tk 187.73 crore from this sector in the current fiscal year, said an official of the DCC.
Holding tax is the single biggest source of revenue earnings and the corporation expects Tk 255 crore from this sector against the total expected revenue earning of Tk 527.51 crore in 2008-2009 fiscal year. The target was Tk 478.45 crore in 2007-2008 of which DCC was able to collect Tk 400.59 crore.
As for the revenue earnings, the corporation is going to set a target of Tk 45 crore from Bazaar Selamy, Tk . 36 crore from trade licence fees, Tk 2.50 crore from rickshaw licence fees, Tk 9 crore from advertisements, Tk 11.50 crore from bus/truck terminals, Tk 13 crore from cattle markets, Tk 2.50 crore from leasing out toilets and ghats, Tk 0.15 crore from slaughterhouses, Tk 44 crore from road digging fees, Tk 9 crore from equipment rents, Tk 3.50 crore from children's parks, Tk
2.50 crore from community centre rents, Tk 1.50 crore from graveyards and cremation grounds and Tk 56 crore from land handover taxes.
Of the remaining amount, Tk 100 crore is expected to come from the government's block allocations, Tk 100 crore from special allocations from the government and Tk 9 crore from other sources.
The corporation is going set an expenditure target of Tk 979.41 crore for the fiscal year 2008-2009, which was Tk 1356.88 crore in the current fiscal year.
The DCC has earmarked Tk 692.90 crore for development activities.
The allocation for mosquito control programmes remains the same as for the year before, Tk 15 crore, and the allocation for waste management was fixed at Tk 11 crore, up by Tk 3 crore from the previous fiscal year’s.
Other major sectors for expenditure are Tk 110 crore for salary payments, wages and allowances, Tk 55 crore for electricity, fuel and water and Tk 19.50 crore for repair works and maintenance of the DCC.
Khoka announced his first budget of Tk 677.34 crore for 2002-03 fiscal year, followed by Tk 762.96cr, Tk 922.0ler, Tk 1247.72cr. 1505.85 crore and 1401 88cr in