Summary:
"The estimated revenue for 2017-18 was Rs 401 crore but the actual revenue received was Rs 313 crore," said councillor from Konthuruthy C K Peter. "Proposals like VCF and municipal bonds could not be introduced overnight. "We are not introducing any proposals or taxes for revenue generation, rather we would focus on reaping benefits from the proposals we announced in the past three-and-a-half years," said deputy mayor T J Vinod. We have entrusted a Union government-empanelled agency for preparing a detailed project report (DPR). Still, the local body would be depending on the same proposals for generating additional revenue.Meanwhile, all the costs including that of salary, operation and maintenance, share for various centrally-sponsored projects have increased significantly..