Updated On: 06 February, 2024 06:03 AM IST | Mumbai | Prajakta Kasale
Civic body faces challenges in realising revenue streams after failing to generate revenue from sources it presented in last year’s budget

Civic chief Iqbal Singh Chahal (centre) presenting the annual BMC budget last week. Pic/Anurag Ahire
Brihanmumbai Municipal Corporation (BMC) Administrator Iqbal Singh Chahal had suggested new income sources for revenue last year, such as appointing agencies to increase property tax and advertisements for municipal properties. The corporation also proposed a hike and the appointment of an agency to recover pending property tax. However, nothing has happened in this regard yet, and despite that, the BMC has announced more fancy suggestions for the coming year.
The commissioner announced six new revenue sources to increase the BMC's income, such as different fees for treating patients outside the city, implementing extra water and sewerage charges on built-up areas, developing revenue models from mega projects, and demanding a 75 per cent share of the FSI premium. But the BMC hasn’t acted on the revenue sources suggested in the budget of last year. So, there is a big question mark on the implementation of the revenue sources suggested for the next financial year.