PUNE: Pune Municipal Corporation (PMC) commissioner Vikram Kumar on Friday presented a budget of Rs 7,650 crore for financial year 2021-22. Stay tuned with TOI for the key points related to the municipal budget.
* Vikram Kumar presented municipal budget of Rs 7,650 crore
* PMC has earned around Rs 3,300 crore in the first three quarters of the current fiscal. Nearly Rs 3,000 crore has already been spent.
* The civic administration suffered revenue losses in major income sources like building permission and property tax.
* Around Rs 1,400 crore has been raked in from property tax, while nearly Rs 300 crore has been generated from building permissions as well as development charges and nearly Rs 40 crore has been collected as rent.
* The commissioner’s office is contemplating an 11% hike in property tax for generating revenue in the next fiscal.