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For first time ever, BMC cuts budget by Rs 12,000 crore

<p>The move is expected to improve utilisation of funds and make policy citizen-centric</p>

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BMC chief Ajoy Mehta has clipped the wings of several departments
BMC chief Ajoy Mehta has clipped the wings of several departments

A leaner, meaner BMC is setting the terms this year. For the second consecutive year, the country's richest municipal corporation has proposed a budget without any new tax or hike in existing taxes. BMC Commissioner Ajoy Mehta yesterday presented a budget of Rs 25,141.51 crore for 2017-18, a massive cut from last year's Rs 37,052 crore outlay.

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