Attention Punekars! Will PMC Increase Property Tax In This Budget? Read Here | Anand Chaini
The Pune Municipal Corporation (PMC) is likely to present its budget for the financial year (FY) 2025-26 in the first week of March. Ulka Kalaskar, head of PMC’s accounts department, said the civic body is likely to present its budget for FY 2025-26 in the first week of March.
The administration is banking on financial aid of Rs 2,000 crore from the state and central governments. PMC has proposed to spend around Rs 1,200 crore on road infrastructure, with a focus on 33 missing links.
The Pune Municipal Corporation (PMC) has progressively increased its budget over the years, reflecting a growing focus on infrastructure and civic development. In FY 2020-21, the budget was Rs 6,229 crore, which rose to Rs 7,650 crore in 2021-22, and further to Rs 8,592 crore in 2022-23. For FY 2023-24, the budget increased by approximately Rs 923 crore to Rs 9,515 crore. In FY 2024-25, the budget crossed the Rs 10,000 crore mark for the first time, reaching Rs 11,601 crore, marking a significant financial expansion to support the city’s infrastructure, healthcare, and other civic projects.
Meanwhile, the neighbouring Pimpri-Chinchwad Municipal Corporation (PCMC) has tabled a ₹9,675.27 crore budget for the financial year (FY) 2025-26. In the PCMC budget, the civic body has given extra focus on infrastructure (Rs 1,962.72 crore), affordable housing (Rs 1,898 crore), and public transport (Rs 417 crore). Additionally, to enhance property tax collection efficiency, PCMC is deploying advanced digital tools, including drone-based imaging. Water supply projects, including the Bhama Askhed Water Supply Scheme and the Pavana Water Pipeline Project, will receive significant allocations. Other major initiatives include drainage system upgrades, enhanced fire safety infrastructure, climate action planning, integrated solid waste management, and river rejuvenation efforts under the Mula-Pavana-Indrayani River Rejuvenation Project.
Will Property Tax Hike?
Last year, the civic chief did not propose any tax hike, marking eight years in a row without an increase. Pune Municipal Corporation (PMC) last hiked property tax in 2016-17, and before that, in 2010-11. This year, it will be a matter of curiosity whether the PMC chief decides to increase property tax. However, considering the upcoming civic polls, it is unlikely that property tax will rise. The neighbouring Pimpri-Chinchwad Municipal Corporation (PCMC) has not hiked taxes this year either.
