Mumbai: Be ready for new taxes as BMC plans to hike outlay to Rs 42,000 crore

129 views · Published 3 March 2017 · 0:43 · Indexed 6 November 2026

Channel: Jai Maharashtra News · 2017 · News & Politics

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Mumbai slamed by service tax
The Brihanmumbai Municipal Corporation (BMC) is all set to increase it outlay to Rs 42,000 crore, a steep hike from last year’s estimate of Rs 37,050 crore. To facilitate this, the civic body is expected to hike certain taxes and introduce some new ones to make up for the loss of revenue from octroi.

After facing flak from various quarters for the multi-crore roads and de-silting scams, the BMC has decided to bring in ‘financial discipline’ in the next fiscal.

To begin with, the civic body will roll out a new financial blueprint for the year 2017-18 this month. It is expected that the civic administration will hike either water tax or water charges. It is expected to raise development charges and property tax, besides introducing some new taxes such as a street tax. The BMC is also likely to introduce a system whereby hospital fees will be nominal for Mumbaikars and relatively higher for those coming from outside Mumbai.
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