TRICHY: Even though the corporation council election is to be held after a decade, there is no discussion on the necessity to improve Trichy corporation's faltering revenue to fund new projects and maintain existing infrastructure. Fixing revenue loss will be a major concern for the elected council of the local body for which about 32% of revenue comes from grants and only 21% from property tax.
The corporation's annual income from tax stands at Rs 372 crore, but it hardly manages to collect beyond 70% of it from 2.29 lakh properties. The corporation has rented 2,399 of its properties to government and private establishments from which the actual annual revenue is Rs 6.7 crore.
