The Brihanmumbai Municipal Corporation (BMC) unveiled the Budget for 2020-21 on 5 February 2020 with a total outlay of Rs 33,441 crore.
The civic body’s total budget estimates for FY21 are 8.95 percent more than FY20 when it had presented a budget of Rs 30,692 crore, which was 12.5 percent higher than the 2018-19 estimate.
Though the tax structure was kept unchanged, an increase of five percent is proposed in fees for various licences, birth certificates, market licences and others.
The budgetary allocation for the Coastal Road project, which is planned to be completed in four years, has been increased by 25 percent from Rs 1,600 crore to Rs 2,000 crore. The total project cost stands at Rs 12,721 crore.
BMC is expecting an estimated revenue of Rs 28,448.30 crore from various sources in FY21, which is 13.87 percent more as compared to Rs 24,983.82 crore in FY20. It has also focused on various infrastructure projects, health services, education and other facilities.
As per the Budget document, BMC revenue from property tax has gone down by Rs 335 crore due to exemption of flats having carpet area up to 500 sq ft from the purview of tax. BMC has allocated Rs 300 crore for the Goregaon-Mulund link road project.