Aurangabad, March 16:
The Aurangabad Municipal Corporation (AMC) is facing a financial imbalance due to a delay in releasing the GST share of Rs 24.90 crore by the state government. The share is received in the first week of each month. However, 15 days of March have been passed, and it is yet to get the share. As a result, the civic administration failed to release salaries, pension and pay the electricity bill.
It was assumed in the last week that the delay in releasing the share would be due to the assembly session and the important month of the financial year. The worries started when the share was not received even after the end of the session.
As per planning, the AMC spends Rs 20 crore on salaries and pension of its employees and Rs 4.50 crore is paid as the electricity bills. The office was expecting to receive the share on Monday, and now it is hoped that it may receive by Wednesday or Thursday, said the sources. Meanwhile, the Group D employees are making rounds of the accounts section and inquiring about the release of their salaries. The employees who had obtained bank loans are most worried as against the gap in repayment of instalment, the banks charge a penalty to them.
No use of its revenue source
The AMC receives the property tax and water tax in large number in the month of March. However, due to the spread of Coronavirus in the city, the collection of AMC has been affected badly. The citizens are not volunteering to pay the taxes. Hence the AMC is unable to raise (Rs 20 crore) to pay the salaries of its own employees from the revenue source, it is learnt.