With its income sources taking a hit, the Brihanmumbai Municipal Corporation (BMC) is looking at involving a private consultant to study its financial position and recommend changes. The BMC is currently struggling to recover property tax that was estimated for this year along with a dip in premiums received from the developers. It has also been slashed by 50 per cent leaving no chance for the civic body to increase its revenue.

The private consultant firm will look at the detailed history of the income sources and recommend where and how to get revenue. While the BMC already has an 8 per cent increase in water bills every year, the new estate policy which was to yield an addition of about R200 crore to R300 crore, is yet to be implemented. The interest on Fixed Deposits too is depleting. A few years back there were discussions about levying charges for giving services such as Solid Waste Management (SWM), etc. but the plan never materialised.