Budget Today, Lucknow Municipal Corporation Sees 9% Revenue Growth | Lucknow News

LUCKNOW: The Lucknow Municipal Corporation’s annual budget, which will be tabled in the House on Monday, aims to achieve 9% revenue growth in the 2022-23 fiscal year.
The civic body relies heavily on state and central finance commission funds, 100% property tax collection and profits from housing projects. However, some corporators claimed that the target was unrealistic given LMC’s past performance.
The revenue target for this year is Rs 1,834 crore, 9% higher than last year’s Rs 1,675 crore. LMC expects Rs 554 crore from State Finance Commission, Rs 296 crore from 15th Finance Commission, Rs 310 crore through property tax, Rs 100 crore from sale of housing projects, Rs 100 crore crore of the LDA, Rs 55 crore of user fees and Rs 13 crore as interest on the pending amount on the others.
Officials said excess revenue would be used for development work.
In 2021-22, the civic body could earn only Rs 1,280 crore against the target of Rs 1,675 crore.
One of the main reasons for this was the poor collection of property tax and user fees. The property tax target was Rs 310 crore, but LMC could only collect Rs 287 crore. Against the user fee target of Rs 75 crore, the collection was only Rs 36 crore.
Alamnagar Ward Corporal Devendra Yadav said the revenue target only looked good on paper and failed to materialize.
Garhi Peer Khan Ward Corporal Ayajur Rahman said: “Property tax collection was better last year as around Rs 77 crore was collected from government offices which had cleared arrears. this year, government offices will only pay property tax, which means collection would be low.”
Another caporator, on condition of anonymity, said: “Last year the civic body targeted Rs 10 crore from advertisements but collected only Rs 3 crore. This shows that the reality on the ground is different. .”
LMC Additional Commissioner Abhay Panday said: “We hope to achieve the revenue target this year by putting properties left out under the tax net and recovering pending tax from commercial properties.”

Melissa C. Keyes