Dhaka South City Corporation (DSCC) has proposed a Tk2,085.36 crore budget for the 2015-16 fiscal year.
The budget is almost triple the size of the revised budget for the previous fiscal year, which was Tk642.87 crore, while the proposed budget for FY2014-15 was Tk1,565crore.
DSCC mayor Sayed Khokon made the announcement at Nagar Bhaban on Thursday afternoon.
Khokon said: “This year, the budget will be financed by an expected Tk1,060.69 crore development assistance from the government, private sectors, public private partnerships and foreign finance.”
Also Read: DSCC announces Tk1,565 crore budget
DSCC expects Tk632.09 crore revenue income.
Tk1,635.48 crore of the allocation will be spent on development.
The allocation will be spent on waste management, maintenance and development of roads, drains, footpaths, hospitals, markets, bus terminals and public toilets, among others.
In response to a query on whether holding tax is to be increased, the DSCC mayor said he is yet to take a decision on the matter.
He, however, said there is a possibility of reassessing holding tax as it has not been reassessed since 1989.
Khokon said DSCC has Tk101 crore dues from holding tax. “Of the amount, Tk50 crore is due from the government, semi-government and autonomous institutions, while Tk51 crore is due from general taxpayers.”
Earlier on Wednesday, at the budget programme Dhaka North City Corporation (DNCC) Mayor Annisul Huq said the DNCC will reassessment of holding tax this year, and it would be hike from next fiscal.
The DNCC has announced a Tk1,601.95 crore budget for the fiscal 2015-16.
The budget is almost double the size of the revised budget for the previous fiscal year, which was Tk803.19 crore. The proposed budget for the FY2014-15 was Tk2041.87 crore.
