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Home / Pune News / 2020-21 PMC budget: 12% hike in property tax proposed

2020-21 PMC budget: 12% hike in property tax proposed

Gaikwad presented the budget to the Standing Committee chairman Hemant Rasane and mayor Murlidhar Mohol. The standing committee will prepare the final budget on the basis of the draft budget

pune Updated: Jan 28, 2020 16:04 IST
HT Correspondent
HT Correspondent
Hindustan Times, Pune
PMC administration is expecting Rs 1,970 crore revenue from property tax and Rs 749 crore from building permission department
PMC administration is expecting Rs 1,970 crore revenue from property tax and Rs 749 crore from building permission department(Getty Images/iStockphoto/ REPRESENTATIVE PHOTO)

The Pune Municipal Corporation (PMC) commissioner Shekhar Gaikwad on Monday presented a Rs 6,229 crore draft budget for the year 2020-21 with a proposal of 12 per cent hike in property tax and 15 per cent hike in water tax.

Gaikwad presented the budget to the Standing Committee chairman Hemant Rasane and mayor Murlidhar Mohol. The standing committee will prepare the final budget on the basis of the draft budget.

Gaikwad said that administration expects an additional income of Rs 150 crore from the proposed property tax hike which will also be applicable for the cellphone tower companies, IT and ITES companies. The PMC administration is expecting Rs 1,970 crore revenue from property tax and Rs 749 crore from building permission department, he said.

In addition to the hike in property tax, the residents will also have to pay an additional 15 per cent amount in water tax, which has been approved by the general body as a part of the 24X7 water supply project implementation.

The commissioner also proposed introduction of a traffic park and solar buses in the city in this year’s budget.

PMC administration is expecting Rs 1,970 crore revenue from property tax and Rs 749 crore from building permission department.

On the expenditure side, the budget expects spending Rs 1,860 crore on salaries for its employees and the PMC commissioner has kept Rs 2,373 crore for development funds.

The commissioner in his draft budget has also proposed building more hostels for working women and increase safety of women.