India’s richest civic body Brihanmumbai Municipal Corporation (BMC) presented a Rs. 30,692 crores budget for Mumbai city today, which is around Rs. 3,500 crores more than the previous one. The BMC Commissioner Ajoy Mehta presented the budget to the Standing Committee chairperson Yashwant Jadhav.
The major allocations include Rs. 9,268 crores for providing basic amenities to the urban poor; Rs. 1600 crores for the coastal road project; Rs. 3,323 crores for the implementation of Development Plan 2034 (DP); and Rs. 100 crores for the Goregaon-Mulnd link road.
The BMC has made a Rs. 34.10 crores capital investment into BEST in this budget while another Rs. 10 crores has been sanctioned for repairs of BEST employees housing schemes and other related projects.
The budget has also marked an allocation of Rs. 5 crores for the construction of memorial for Shiv Sena founder Babasaheb Thackeray at Dadar while Rs. 1 crore has been sanctioned for construction of new Mayor Bungalow at Dadar.
What is significant in the 2019-2020 Budget is that the BMC has chosen to maintain a status quo as regards taxes. There are no new taxes nor are any increases in the present tax structure.
