Secunderabad Cantonment Board knocks Telangana finance commission’s door as red-tape curbs Cantt earnings
Sunil Mungara | TNN | Updated: Jan 4, 2019, 10:41 IST
(Representative image)SECUNDERABAD: The Secunderabad Cantonment Board is looking to knock state government doors to bail itself out of a financial crisis that has been troubling it for quite some time now.
The Cantonment board has been running on deficit budget and in the recent board meeting, a decision to seek financial support from the state finance commission was taken. The cantonment board’s income is from sources like property tax, water bills and through issue of licences for using of hoardings in Cantonment land. SCB meets the rest of its requirement, which is about 150-200 crore per annum, through central finance commission funds. However, the funds amount to only 10 crore per annum.
On the other hand, lion’s share of the SCB’s income is pending due to non-payment of property taxes and other charges. The state police department, for that matter, has kept a payment 10 crore pending for four years now. SV Chandra Sekhar, CEO of SCB also pointed out, “SCB generates revenue worth 32-35 crore per annum through its property. However, while a lot of that is in dues with the state government, we haven’t been able to collect Octroi amounting to 4-5 crore for a year now due to demonetisation.”
Service charge of 400 crore has also been kept pending by the ministry of defence. If the state finance commission grants support, the SCB expects an additional 15-20 crore per annum, under ‘urban’ category that would help it to overcome its annual budget deficit.
The Cantonment board has been running on deficit budget and in the recent board meeting, a decision to seek financial support from the state finance commission was taken. The cantonment board’s income is from sources like property tax, water bills and through issue of licences for using of hoardings in Cantonment land. SCB meets the rest of its requirement, which is about 150-200 crore per annum, through central finance commission funds. However, the funds amount to only 10 crore per annum.
On the other hand, lion’s share of the SCB’s income is pending due to non-payment of property taxes and other charges. The state police department, for that matter, has kept a payment 10 crore pending for four years now. SV Chandra Sekhar, CEO of SCB also pointed out, “SCB generates revenue worth 32-35 crore per annum through its property. However, while a lot of that is in dues with the state government, we haven’t been able to collect Octroi amounting to 4-5 crore for a year now due to demonetisation.”
Service charge of 400 crore has also been kept pending by the ministry of defence. If the state finance commission grants support, the SCB expects an additional 15-20 crore per annum, under ‘urban’ category that would help it to overcome its annual budget deficit.
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