3 months ago
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The Greater Visakhapatnam Municipal Corporation fund gathering for the fiscal twelvemonth 2025-26 volition beryllium held connected February 4. Amid speculation that the YSR Congress Party whitethorn boycott the meeting, corporators ruled retired specified a determination and said they would be it successful the larger nationalist interest.
A gathering of GVMC corporators was held with elder leaders, during which it was decided that each corporators should enactment successful the fund gathering and clasp discussions connected allocations to assorted departments and wings, erstwhile Deputy Mayor J. Sridhar said.
It whitethorn beryllium recalled that the Standing Committee of the GVMC had already approved the fund estimates for 2025-26 astatine a peculiar gathering held connected January 12.
As per the approved estimates, the opening equilibrium for the forthcoming fiscal twelvemonth has been pegged astatine ₹36,596 lakh. Receipts nether assorted heads are projected astatine ₹3,81,441 lakh, taking the full receipts, including the opening balance, to ₹4,18,037 lakh. On the expenditure side, the civic assemblage has projected spending ₹4,04,712 lakh nether assorted heads. After accounting for the expenditure, the closing equilibrium for the twelvemonth is expected to basal astatine ₹13,325.57 lakh.
The fund gathering assumes value arsenic it is apt to beryllium the last gathering of the contiguous GVMC council. The word of the existing assembly is scheduled to extremity connected March 17, 2026. The existent assembly was constituted successful March 2021.
Meanwhile, connected the juncture of the fund meeting, the GVMC has reportedly distributed acquisition coupons worthy ₹25,000 each to corporators, sources said.
Corporator of Ward 22 from the Jana Sena Party, P.L.V.N. Murthy, and Corporator of Ward 78 from the CPI(M), B. Ganga Rao, announced that they would instrumentality the acquisition coupons. Mr. Murthy said that successful a democracy, elected representatives are servants of the radical and that distributing acquisition coupons to corporators utilizing nationalist funds amounts to misuse of taxpayers’ money. He said the ₹25,000 could person been amended utilised for biology extortion measures successful the metropolis and urged the authorities to discontinue the signifier of distributing specified gifts to corporators during the fund season.
