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BMC Budget 2025: Mumbai civic body's Rs 74K-cr budget - Big plans, no tax hike
Updated On: 05 February, 2025 09:37 AM IST | Mumbai | Sameer Surve
Property tax, water tax remain unchanged, but new revenue strategies in focus; Opposition slams civic body for ‘burdening Mumbaikars’; as the civic body is handling projects worth over Rs 2 lakh crore, the civic authority has decided to introduce new projects only if deemed essential for the city
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BMC Commissioner Bhushan Gagrani at the press conference. Pic/Sayyed Sameer Abedi
The Brihanmumbai Municipal Corporation (BMC) presented its Rs 74,427 crore budget for 2025-26, with no hike in property tax or water supply tax. However, new revenue measures include a solid waste levy and taxation of commercial slums. With BMC handling projects worth over Rs 2 lakh crore, civic chief Bhushan Gagrani announced restrained new project approvals. The budget also proposed reforms in trade license fees and alternative revenue streams. Meanwhile, the Opposition slammed the budget, alleging it benefits private contractors at the cost of ordinary Mumbaikars.
As the civic body is handling projects worth over Rs 2 lakh crore, the civic authority has decided to introduce new projects only if deemed essential for the city. The BMC announced the Mumbai Eye project, modelled after the United Kingdom’s iconic London Eye. The project will require 2 to 3 acres of land, with the location to be decided later.
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