There has been nearly 10 percent hike in the BMC budget for 2020-21 which is Rs 33,441.02 crore. Last year it was Rs 30,692 crore @shailesh505 @SachinKalbag
Due to a slowdown in the real estate sector, property tax outstanding dues have reached Rs 15000 crore. #BMCBudget2020
After state government directed BMC to exclude flats having carpet area upto 500 square feet from paying property tax, it has resulted in reduction of Rs 335 crore in annual demand. @shailesh505 @SachinKalbag
BMC expects to earn Rs 125 crore from staml duty for registeration of new properties. They plan to earn Rs 950 crore in the next 4-5 years. #BMCBudget @shailesh505 @SachinKalbag
BMC is expecting Rs 1500 crore revenue in property tax, Rs 600 crore by introducing 'compounding Shasti' in development plan, 800 crore from outstanding grant from government and Rs 500 crore due to revision of estate policy in the year 2020-21. @shailesh505 @SachinKalbag
BMC proposes Utility duct corridor in its budget 2020-21 where new roads will be designed and built above 60 feet with seperate utility duct corridor to avoid frequent tenching or roads. #BMCBudget @shailesh505 @SachinKalbag
BMC to invite global consultants for redesigning black spots on the road. Black spots are at places where frequency of accident is high. BMC has identified 39 such black spots out of which 17 spots are on municipal roads. #BMCBudget @SachinKalbag @shailesh505
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