Amid considerations over its burgeoning monetary strains and mounting liabilities, income augmentation and rationalistion of expenditure have drawn a lot emphasis within the Brihanmumbai Municipal Company’s (BMC) Finances estimates for the monetary yr 2025-2026 which have been introduced on Tuesday.
Whereas the civic physique has not revised property or water taxes, it has mooted proposals to levy new taxes and fees reminiscent of in slum areas and for Strong Waste Administration companies. Eyeing to shore up its funds, the BMC has additionally taken up measures reminiscent of extra Flooring-Area Index (FSI) premium and finalised Vacant Land Tenancy Coverage (VLT) coverage.
In what may generate a whopping income Rs 350 crore in taxes from industrial models, the BMC, in its funds, mentioned that it’s assessing the opportunity of levying property taxes on the industrial models in slums. In line with the civic physique, the income generated on this method shall be used to offer higher companies to slum dwellers.
In the meantime, the BMC has additionally proposed to introduce person fees for Strong Waste Administration (SWM) to make sure monetary sustainability and easy waste administration operations. At the moment, the civic physique is looking for authorized opinion on the implementation of the brand new charges, following which a call shall be taken to amend the current SWM Sanitation and Cleanliness Bylaws of 2006.
Talking to reporters, Municipal Commissioner and state-appointed Administrator Bhushan Gagrani, nevertheless, mentioned that whereas that SWM fees is probably not carried out this yr, it’s learning the feasibility of the plan which shall be imposed in phases.
Gagrani added that the BMC has additionally acquired an extra income of Rs 70 crore as a part of the extra FSI premium. He mentioned that the state authorities has sanctioned a share of fifty per cent of premium recovered for extra FSI for the BMC – marking a rise from the earlier 25 per cent. A complete income of Rs 300 crore is slated to be generated within the FY 2025-2026 from this.
Apart from, the BMC has finalised a brand new ‘Vacant Land Tenancy (VLT) Coverage’ via which numerous lands shall be developed for public use and later transformed for leasing. In line with the civic physique, this may generate a income of Rs 2,000 crore within the coming 4 years within the type of one-time premium.
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Information exhibits that until December 2024 the BMC has generated a income of Rs 28,308 crore whereas the civic authorities have estimated income earnings of Rs 40,693 crore by March 31, 2025. For FY 2025-26, the municipal company has estimated income earnings of as much as Rs 43,159 crore.
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