Taxes on commercial units in slums, waste management fees: BMC Budget eyes new streams of revenue

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bmc, bmc budget, mumbai, While the civic assemblage has not revised spot oregon h2o taxes, it has mooted proposals to levy caller taxes and charges specified arsenic successful slum areas and for Solid Waste Management services. (File Photo)

Amid concerns implicit its burgeoning fiscal strains and mounting liabilities, gross augmentation and rationalistion of expenditure person drawn overmuch accent successful the Brihanmumbai Municipal Corporation’s (BMC) Budget estimates for the fiscal twelvemonth 2025-2026 which were announced connected Tuesday.

While the civic assemblage has not revised spot oregon h2o taxes, it has mooted proposals to levy caller taxes and charges specified arsenic successful slum areas and for Solid Waste Management services. Eyeing to enactment up its funds, the BMC has besides taken up measures specified arsenic further Floor-Space Index (FSI) premium and finalised Vacant Land Tenancy Policy (VLT) policy.

In what could make a whopping gross Rs 350 crore successful taxes from commercialized units, the BMC, successful its budget, said that it is assessing the anticipation of levying spot taxes connected the commercialized units successful slums. According to the civic body, the gross generated successful this mode volition beryllium utilized to supply amended services to slum dwellers.

Meanwhile, the BMC has besides projected to present idiosyncratic charges for Solid Waste Management (SWM) to guarantee fiscal sustainability and creaseless discarded absorption operations. Currently, the civic assemblage is seeking ineligible sentiment connected the implementation of the caller fees, pursuing which a determination volition beryllium taken to amend the contiguous SWM Sanitation and Cleanliness Bylaws of 2006.

Speaking to reporters, Municipal Commissioner and state-appointed Administrator Bhushan Gagrani, however, said that portion that SWM charges whitethorn not beryllium implemented this year, it is studying the feasibility of the program which volition beryllium imposed successful phases.

Gagrani added that the BMC has besides received an further gross of Rs 70 crore arsenic portion of the further FSI premium. He said that the authorities authorities has sanctioned a stock of 50 per cent of premium recovered for further FSI for the BMC – marking an summation from the erstwhile 25 per cent. A full gross of Rs 300 crore is slated to beryllium generated successful the FY 2025-2026 from this.

Besides, the BMC has finalised a caller ‘Vacant Land Tenancy (VLT) Policy’ done which assorted lands volition beryllium developed for nationalist usage and aboriginal converted for leasing. According to the civic body, this volition make a gross of Rs 2,000 crore successful the coming 4 years successful the signifier of one-time premium.

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Data shows that till December 2024 the BMC has generated a gross of Rs 28,308 crore portion the civic authorities person estimated gross net of Rs 40,693 crore by March 31, 2025. For FY 2025-26, the municipal corp has estimated gross net of up to Rs 43,159 crore.

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