- [The Commissioner] shall on or before each [fifth day of February] [These words were substituted for the words 'first day of March' by Maharashtra 21 of 1989, Section 23.] have prepared and lay before [The Education Committee in such form as the committee] [These words were substituted for the words 'the Mayor-in-Council' by Maharashtra 27 of 1999, Section 61(b), (w.e.f. 23-4-1999).] shall from time to time approve-
(a) an estimate, classified in accordance with section 125A of the expenditure which must or should, in his opinion, be incurred by the Corporation in the next official year for the purposes of clause (q) of section 61;
(b) an estimate of all balances, if any, which will be available for re-appropriation of expenditure for the purposes of clause (q) of section 61 at the commencement of the next official year;
(c) an estimate of five times the amount of the net estimated realisations of the Corporation in the then current financial year under the head of general tax (including arrears and payments in advance) divided by the rate fixed for general tax for the then current financial year;
(d) an estimate of the receipts of the Corporation for or in connection with the purposes of clause (q) of section 61 other than those referred to in [clause (c) and (c-1)] [These words, brackets, letters and figures were substituted for the words 'the preceding clause' by Bombay 13 of 1958, Section 4(2).].