Arani Town - Municipal

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Chapter - 14 Final Report: Arani Municipality Given below are the various assumptions forming part of the FOP workings : 14.5.1 Income a) Property Tax The population of Arani Municipality is estimated to grow at around 1.40% p.a. Based on the same Property Tax Revenue are assumed to increase @ 1.20% per annum. The last revision of Property Tax was carried out on 1-10-98 and it is assumed that the next revision will be carried out in the current year. It is assumed that there will be an increase of 15% due to revision in 2008-09 & that revision would be done @ 15% every 5 years. It has also been established as per the Survey in 2002 that around 27% of the properties are unassessed and further 20-25% of the properties are unassessed. Considering the above, it is assumed that the same shall be set right and together these shall contribute to increase in property tax revenue by 15% from next year viz. 2009-10 on account of property mapping. The Property Tax income is divided between Revenue, Water Supply and Education Fund in the following ratio: Table 14-6: Ratio of Property tax Per Annum General 1.500% ) Scavanging 3.000% ) Revenue & Capital Fund Lighting 3.000% ) Water Tax 7.500% } Water Supply & Drainage Fund Drainage - } Education 2.500% ] Education Fund Total 17.500% b) Profession tax Income from Profession Tax is assumed to increase @ 3% per annum. The Profession Tax was last revised on 1.10.2003 and the next revision is due in 2008-09. It is assumed that every revision would contribute to 15% increase Besides, the profession tax base would be increased by carrying out survey in 20101-11. It is assumed that the survey would increase the profession tax base by 20% in 2010-11. c) Assigned revenue Assigned Revenue comprises Entertainment Tax and Surcharge on Stamp Duty. It is assumed the same shall increase as under : Duty on Transfer of Property : 5% Entertainment Tax : 2% . - 114 - Voyants Solutions Private Limited
Chapter - 14 Final Report: Arani Municipality d) Devolution Fund Devolution Fund is also assumed to increase by 7.50% per annum e) Service charges and fees Service Charges and Fees are assumed to increase @ 5% per annum f) Grant and Contribution No Grant has been assumed in the financial projections. g) Sales and Hire charges Nil income assumed from Sales & Hire Charges. h) Other Income Other Income comprising basically fees and other rental income are assumed to increase @ 5% per annum. i) Water Supply Charges The present connection charges/deposit and tariff for water are as below : Table 14-7: Water supply Charges ñ Existing Type of service connections Connection Tariff Residential Rs. 4000 Rs.50.00 Per month Commercial Rs. 8000 Rs.200.00 per month Industrial Rs. 8000 Rs.300.00 per month It is assumed that after completion of water supply improvements work, the house service connections will be equal to 80% of property tax assessments. The water charges shall be revised as below : Residential - Rs.50.00 p.m Commercial ñ Rs.200.00 p.m Industrial - Rs. 300.00 p.m. It is also assumed that the water connection charges shall be revised as under : Residential - Rs.4000 Commercial - Rs.8000 Industrial - Rs.8000 It is assumed that water charges shall be increased as below every 5 years : Residential - Rs.15.00 p.m Commercial & industrial ñ Rs.25.00 p.m . - 115 - Voyants Solutions Private Limited
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SEPTEMBER 2009 S S T A G E ññ IV
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SWOT Analysis for Arani Municipalit
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The broad financial analysis of the
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Projects Identified for Implementat
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. - ii - Final Report: Arani Munici
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. - iv - Final Report: Arani Munici
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LLI ISSTT OFF FFI IGUURREESS . - vi
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. - viii - Final Report: Arani Muni
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Chapter ñ 1 Final Report: Arani Mu
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Chapter - 3 Final Report: Arani Mun
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Arani Town - Municipal

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