Mumbai, Feb. 4 -- The Brihanmumbai Municipal Corporation (BMC) has unveiled its budget for the financial year 2025-26, with a total outlay of Rs 74,427 crore, marking a 14.19% increase over the revised budget of Rs 65,180 crore for FY 2024-25.
For the current fiscal year, the BMC has projected total revenue earnings of Rs 40,693 crore by March 31, 2025, with Rs 28,308 crore already earned as of December.
For the upcoming fiscal year, property tax revenue is projected at Rs 5,200 crore, a key source of municipal funding. To meet the financial requirements of ongoing and new projects, the BMC has raised funds through an internal temporary transfer of Rs 16,699 crore.
Out of the total budget, Rs 43,162.23 crore is earmarked for development...