India, March 5 -- Pune municipal commissioner Rajendra Bhosale on Tuesday presented the Pune Municipal Corporation's (PMC's) annual budget for the financial year 2025-26, with an outlay of Rs.12,618 crore. This marks an increase of Rs.1,017 crore over last year's budget of Rs.11,601 crore. This year too, the civic body has refrained from raising property tax. Despite falling short of revenue targets this year, the PMC has increased the budget outlay without introducing new sources of income or proposing a tax hike.

Bhosale said, "Due to the Lok Sabha and state assembly elections, the civic body could not achieve effective revenue collection and expenditure targets. However, we are confident that the administration will generate higher in...