Kuala Lampur, Sept. 18 -- The Penang Island City Council (MBPP) today tabled a deficit budget of RM14.26 million for 2020 with additional revenue expected after it revised assessment rates for next year.

Mayor Datuk Yew Tung Seang said MBPP expects RM451.7 million in revenue and spend RM465.96 million next year.

"The revenue from assessment rates is expected to increase by 62.44 per cent to RM282.02 million due to a review in assessment rates," he said when reading out the MBPP Budget 2020 speech at City Hall here.

He said it will be an increase of RM58.15 million compared to the RM223.87 million collected this year.

Yew said the council's deficit will be cut by about 85 per cent for 2020 compared to the RM94 million deficit budget ta...