TMC budget focuses only on pending projects

Thane municipal commissioner Vipin Sharma on Friday presented a Rs 2,755.32 crore budget for 2021-22. The TMC this year to focus mainly on the ongoing projects, no increase in tax has been announced.

"This year, the Thane Municipal Corporation has presented its budget estimate with no increase in any kind of taxes. The civic commissioner has termed this budget as the budget aimed at fulfilling the pending projects," said TMC official.

The estimated budget saw immense decrease, as last year the TMC had estimated the total budget at Rs 4086 crore. Compared to last year, the estimated budget this year has seen a difference of around 1300 crore.

"Considering the pandemic situation, this year the Corporation has decided to focus on the completion of ongoing projects, without increase in any taxes. The af fect of the same has been majorly noticed on income sources of the civic body. However, if the condition tur ns better, the civic body may do amendments in the present estimated budget," infor med the commissioner.

Sharma said Rs 1,152.70 crore was expected from GST and stamp duty, Rs 693.24 crore by way of property taxes, Rs 208.10 crore as water supply taxes, and Rs 342 crore from Town Development funds.

Sharma said that the civic body has spent around Rs 90 crore to control the Covid-19 situation.