The 2024-25 Budget presented on Friday has proposed to substantially step up the revenue of the Bruhat Bengaluru Mahanagara Palike (BBMP), besides focusing on decongesting Bengaluru’s traffic through the implementation of big-ticket projects. However, the budget has not proposed any allocation for these projects.
The BBMP has successively failed to tap into the city’s fullest revenue potential, which the government has proposed to fix. Chief Minister Siddaramaiah stated that in the next fiscal (2024-25), tax collection is expected to reach ₹6,000 crore.
The budget said this fiscal, the civic body has collected ₹4,300 crore, which is ₹1,000 crore more than the previous financial year’s collection. The revenue target set for this fiscal is ₹4,790 crore. Last year, the BBMP’s collection stood at ₹3,155 crore. The budget has also proposed to mobilise additional non-tax revenue of ₹2,000 crore through a revised advertisement policy and premium floor area ratio (FAR) policy.
