Summary:
Major source of revenue for NMC is GST grant, property tax and town planning department. The total outlay for 2018-19 was Rs1,785.14 crore.“I have tried to draft the budget for balanced development of the city. Target for water tax recovery has been set at Rs65.42 crore. At present we are getting Rs72.83 crore per month that is Rs873.96 crore annually. For land acquisition a provision of Rs133.50 crore has been made.“As per rule, two per cent of the budget is allocated for corporators’ funds..