India, Feb. 24 -- The budget of the Brihanmumbai Municipal Corporation (BMC) is expected to touch a whopping Rs.80,000 crore this year, surpassing last year's outlay and marking the highest-ever budget to be presented in Asia's richest municipal corporation on Wednesday. Following the end of the four-year administrator's rule in the civic body, the standing committee will once again present the budget.

The jump in the budget this year is largely attributed to an additional revenue of Rs.800 crore in property tax collection. "The budget increases every year by at least 5%, so it is a given that it will touch the Rs.80,000 mark," said a senior civic official, who clarified that no new taxes would be announced this year.

Among the key infr...