Mumbai, Feb 4 (IANS) Ahead of the upcoming elections, which are expected after monsoons, the BrihanMumbai Municipal Corporation (BMC) Additional Commissioner Abhijit Bangar on Tuesday presented to Commissioner Bhushan Gagrani the Budget Estimates for the fiscal year 2025-26 of Rs 74427.41 crore which exceeds the Budget Estimates of 2024-25 of Rs 65180.79 crore by 14.19 per cent. However, the BMC has not proposed hike in taxes or fees or fares in the budget.
BMC has laid emphasis on stepping up revenue income by rationalisation of expenditure and laying more focus on enhancement of infrastructure and services, strengthening healthcare infrastructure and equality health and education system.
In a bid to further increase the revenue income, BMC has proposed solid waste management (SWM) User Charges.
“The increasing population and growing volume of solid waste in Mumbai have significantly escalated the city’s expenses on waste management. To ensure smooth operations and financial sustainability, it has become imperative to introduce ‘SWM User Charges’.
“The revenue generated from SWM User Charges will enable BMC to enhance its waste management systems, invest in modern technology and improve overall service delivery, thereby ensuring a cleaner and healthier Mumbai for all its residents,” reads the budget document.
Further, the BMC has proposed policy reforms and modernisation wherein a Centralised Property Information System is being developed to consolidate all records of BMC-owned assets and facilitate their development through innovative land development models, including exploration of utilising vacant municipal plots under PPP model as a sustainable and efficient revenue generation strategy.
In order to generate revenue from BMC plots, the civic body has taken a policy decision to auction BMC plots under 100 per cent Annual Statement of Rates (ASR).
Accordingly, it has decided to auction a BMC plot at Asphalt Plant, Worli on lease for development through private builders.
The BMC proposes levy of Entertainment Tax/Fees that will be implemented as per the amendments after an exemption period.
According to the budget document, the proposal for increasing fees for renewal of Trade Licences, under section 394, is in process and will be finalised shortly.
The Budget Estimates of Revenue Income for 2024-25 was proposed at Rs 35749.03 crore which is revised to Rs 40693.85 crore, a rise by 13.83 per cent at Rs 4944.82 crore.
“The actual income received up to 31.12.2024 is Rs 28308.37 crore. The estimated Revenue Income for 2025-26 is proposed at Rs 43159.40 crore which exceeds Budget Estimates of 2024-25 by 20.73 per cent.
“The major sources contributing to revenue income include compensation in lieu of Octroi at Rs 14,398.16 crore, Development Plan fees and premiums Rs 9,700 crore, property tax Rs 5,200 crore, water and sewage charges Rs 2,363.15 crore, interest on investment Rs 2,283.89 crore, supervision charges Rs 2,130.17 crore, grant in aid from state government Rs 1,325.07 crore and others Rs 3,709.31 crore.
“Total pending dues from the offices of various departments of the State Government under jurisdiction of BMC on account of Grant-in-aid, Property Tax and others are amounting to Rs 9750.23 crore as on 31st December 2024. This includes, an amount of Rs 6581.14 crore on account of grant-in-aid from Education Department of the State Government,” reads the budget document.
For 2024-25, revenue expenditure was estimated at Rs 28763.94 crore which is revised to Rs 26835.25 crore, a fall by Rs 1928.69 crore.
The actual revenue expenditure of Rs 15912.37 crore is incurred up to 31.12.2024, which is 59.30 per cent of the Revised Estimates 2024-25.
“Budget Estimates of Rs 31204.53 crore is proposed on account of revenue expenditure for 2025-26. As far as Capital Expenditure is concerned, Rs 43162.23 crore is proposed in 2025-26,” it stated.
–IANS
sj/rad
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
