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Andhra Government denies Municipal bodies proposal of property tax hike

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As per the sources saying at the www.propertykhazana.com the Andhra Pradesh State Government is unhappy with the local bodies which approached the CMO for hike in property tax and the Chief Minister Dr. YS Rajashekara Reddy conveyed his annoyance over the Municipalities and the City Municipal Corporations representatives who met the CM at his camp office here in Hyderabad.
Speaking to the www.propertykhazana.com the Municipal representatives said that to carry out necessary developments in the particular wards the Municipalities are required with additional funds and to overcome the funds scarcity the municipal bodies decided to impose high property taxes then the existing one. But Reddy has assured the municipal authorities that his government will do the needful with whatever the funds required and he has also warned the municipal authorities to withdraw the property tax imposed heavily on the residential properties with effect from 2004. He also advised not to burden the common man and to endeavor revenue from other sources.
As further told by the sources at the www.propertykhazana.com , the concerned municipalities have been given the responsibility to make out the lands for the implementation of commercial projects in the respective wards. If the land is holding private ownership the government has made it clear that it would borne the expenditure and then the projects will be executed under the PPP model, added the CM.
Chief Minister also said to the sources and the www.propertykhazana.com that the state government will support the projects and the municipalities with required staff and infrastructure.
Source: NBTVLIVE

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