Thane: TMC presents ₹4370 crore budget for financial year 2023-24

Thane: TMC presents ₹4370 crore budget for financial year 2023-24

The administration is expected to collect ₹731 crore in property tax, ₹565 crore as development fees, ₹225 crore as water fees and advertisement fees ₹22.37 crore

Abhitash SinghUpdated: Tuesday, March 21, 2023, 07:57 PM IST
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Thane: TMC presents ₹4370 crore budget for financial year 2023-24 |

Thane: One of the economically strong civic bodies, the Thane Municipal Corporation (TMC) unveiled its budget for the year 2023-24 on Tuesday. The TMC commissioner Abhijit Bangar presented the budget of ₹4,370 crore.

The budget has seen no tax or price hike. No old projects are included in the budget, and important issues such as education, health, city beautification, pothole-free roads and zero waste campaign are included under the "Chief Minister Badalte Thane" campaign.

TMC prepared a ₹3384 crore budget in 2022-23. However, due to the decrease in the income of some departments, the revenue income has been revised to ₹2,785.45 crore instead of ₹3,021.51 crore.

The emphasis has been given to increasing revenue generation, fiscal discipline in expenditure, reduction in unnecessary revenue expenditure, implementation of the three-pronged program of sanitation, health and education, completion of works undertaken under smart city project, improvement in administrative work, completion of works received from grants within the prescribed time, work on important objectives such as maintaining quality are in this budget.

Swachh Thane

Bangar said, “Implementation of zero waste campaign under Swachh Thane, implementation of the transfer station, Daigar project, closure of Diva dumping, cleaning of public roads, renovation and reconstruction of toilets are going to be set up.”

“The most important source of income for the administration is property tax. The administration is expected to collect ₹731 crore property tax, ₹565 crore as development fees, ₹225 crore as water fees, permissions and advertisement fees ₹22.37 crore,” he said.

The commissioner added, “I am very much interested in improving the education system of the city as giving basic education is the need of the hour. I am hopeful that the budget is friendly for both the administration and the citizens of the city. With the help of citizens, we will be setting an example for other cities in the country.”

Here is the list of important projects for the development of Thane:

1) ₹85 crore for the cleanliness of public roads.

2) ₹81 crore for the renovation and repairs of new toilets in the city.

3) ₹5.5 crore for container toilets in the city.

4) As Thane is regarded as the Lake city the TMC in its budget has set ₹10 crore aside for the beautification of the lakes. 

5) ₹30 crore for the beautification of city under Sundar Thane campaign.

6) Buying 165 electric buses which is going to be included in Thane Municipal Transport (TMT) fleet.

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