Summary:
Collection of property tax and revenue from development plan is expected to decline in 2019-20. Public money has to be used wisely, prudently and efficiently. BMC hopes for a major upswing in property tax and Development Plan (DP) charges. Collection of revenue from property tax has gone down. BMC is sitting on a pile of Rs 75,537 crore, of which Rs 22,902 crore have been kept aside..