Nashik civic body moots hike in taxes

Accordingly, water supply tax per 1,000 litres would be hiked from Rs 1.50 to Rs 3 for domestic consumers, from Rs 8 to 9 for commercial consumers; and from Rs 8 to 15 for industrial consumers. The budget for 1996-97 showed a surplus of Rs 4.79 crore, with income of Rs 152.46 crore and expenditure of Rs 147.67 crore. Budget estimates for 1997-98 showed a surplus of Rs 44 lakh, with income of Rs 200.49 crore and expenditure of Rs 200.05 crore.

The commissioner proposed to rise Rs 300 crore from financial institutions and public bonds to finance various civic projects in the city including the underground drainage and sewage system.