The Thiruvananthapuram Corporation’s Budget for 2024-25, to be presented on February 14 (Wednesday), will be focusing on building on the ongoing carbon neutral city initiatives and starting more elderly-friendly projects. Proposals for flood mitigation measures and steps for a drastic improvement in property tax collection are also expected to be part of the Budget, according to Corporation sources.
The Corporation’s property tax revenue in 2021-22 was ₹87 crore, which jumped to ₹98 crore in 2022-23. The figures for the current year, for which the Corporation has set a target of ₹110 crore, will be known only by March end. For the next financial year, the civic body is expected to set an ambitious target of around ₹150 crore.
