BMC discloses budget for 2020-21 with total outlay of over Rs 33,441 cr
The civic body’s total budget estimates for FY21 are 8.95% more than FY20
The Brihanmumbai Municipal Corporation (BMC) unveiled its 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% more than FY20 when it had presented a budget of Rs 30,692 crore, which was 12.5% higher than the 2018-19 estimate.
Though the tax structure was kept unchanged, an increase of 5% is proposed in fees for various licences, birth certificates, market licences and others. BMC is expecting an estimated revenue of Rs 28,448.30 crore from various sources in FY21, which is 13.87% 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.
The budgetary allocation for the Coastal Road project, which is planned to be completed in four years, has been increased by 25% from Rs 1,600 crore to Rs 2,000 crore. The total project cost stands at Rs 12,721 crore.
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.