India, Feb. 5 -- The Brihanmumbai Municipal Corporation (BMC) presented a historic budget on Tuesday, its biggest-ever, pegged at Rs.74,427.41 crore for FY 2025-26. It exceeded last year's budget by 19.45%, at Rs.59,954.75 crore for FY 2024-25. The budget document, however, showed an increase of 14.19%, taking into account mid-year revised estimates of 2024-25 ie, Rs.65,180.79 crore.

Interestingly, while no new projects were announced, the budget has been described as 'infrastructure-driven', as large budgetary allocations have been made towards ongoing, big-ticket infrastructure projects in Mumbai.

Also, no new taxes were announced, except that the BMC is seeking legal opinion to introduce a Solid Waste Management (SWM) user charge to ...