New Delhi, Feb. 14 -- Municipal Corporation of Delhi (MCD) commissioner Ashwini Kumar on Thursday tabled budget proposals worth Rs.17,006 crore for 2025-26, keeping property tax rates unchanged for the financial year 2025-26 despite what he described as a "serious financial crisis".
While property tax collections till January 31 have improved, surpassing last year's figures by Rs.215 crore for the corresponding period, the total remains well below the projected Rs.4,300 crore for the current financial year.
Kumar warned that MCD is grappling with a very "serious financial crisis" with liabilities of Rs.14,000 crore, including pending payments to contractors, employee salaries, retirement benefits, and loan repayments.
According to the MC...