Chennai corporation budget: Focus on education, health and storm-water drains
The Greater Chennai Corporation (GCC) presented its budget for the fiscal year 2024-25, with the lowest deficit in five years.
GCC Mayor R Priya announced a slew of projects for various sectors. Accordingly, LKG to 12th students of GCC schools to get free uniforms at Rs 8 crore 255 GCC schools to have 4 CCTV cameras each at Rs 7 crores, and students to get free shoes and free socks.
The Chennai Corporation iss set to have Rs 315 crore surplus funds in its capital account. Revenue from capital is expected to be Rs 3,455 crores and expenditure at Rs 3,140.58 crores. The civic body will have Rs 315 crore surplus.Revenue from capital is expected to be Rs 3455 crores and expenditure at Rs 3140 crores.
In the present fiscal year 2023 – 2024, the revenue was projected at Rs 4,131.70 crores and expenditure was Rs 4508.30 crores with a deficit of Rs 377 crores.