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The Navi Mumbai Municipal Corporation (NMMC) has approved its revised budget for 2024-25 and the original budget for 2025-26, with a total deposit of INR 5,709.95 crore and an estimated expenditure of INR 5,684.95 crore, leaving a balance of INR 25 crore. The budget prioritises financial discipline, infrastructure, education, healthcare, and sustainability. Tax rates remain unchanged. Measures such as efficient revenue collection, and innovative funding strategies aim to boost municipal finances. Environmental initiatives, improved healthcare facilities, and expansion of civic services reflect NMMC's commitment to making Navi Mumbai a thriving, well-planned, and green urban centre.
The Navi Mumbai Municipal Corporation's revised budget estimate for the financial year 2024-25 and the original budget estimate for 2025-26 have been approved by Municipal Commissioner and Administrator Dr. Kailash Shinde. For FY 2025-26, the opening balance stands at INR 1,301.04 crore, with a total deposit of INR 5,709.95 crore and an estimated expenditure of INR 5,684.95 crore, leaving a balance of INR 25 crore. Tax rates remain unchanged since the last 21 years. Advertisement
Dr. Kailash Shinde expressed his satisfaction in presenting the budget for 2025-26, dedicated to the residents of Navi Mumbai under the vision of 'My City, My Pride.' He highlighted the city's progress in achieving the goal of being the number one city in Maharashtra, while also being included in the Central Government's 'Super Swachh League,' a recognition for the three cleanest cities in India. The Commissioner noted the increasing responsibility of maintaining this prestigious status.
NMMC has decided to form a special committee comprising a deputy municipal commissioner, an additional municipal commissioner and an assistant town planner to think of ideas and plan strategies to increase revenue generation. For instance, the committee may decide to put to good use any idle or unused property for commercial purposes.
The overarching objective remains the development of Navi Mumbai as a 'development centre' equipped with superior civic services and infrastructure. The imminent operationalisation of an international airport in Navi Mumbai is expected to significantly boost industry and trade, necessitating the creation of complementary facilities.
Dr. Shinde further emphasised that the budget aligns with the government's vision of transforming the Mumbai Regional Metropolitan Development Authority area into a 'Growth Hub.' With Navi Mumbai positioned at the heart of this expansion, the city is being developed not only as a residential area but also as a thriving economic centre. The budget has been structured to enhance financial discipline, create employment opportunities, improve education, modernise transportation, strengthen healthcare services, and establish sustainable water management. Additionally, efforts are being made to promote good governance, environmental sustainability, and planned infrastructural development to ensure holistic growth.
Though the property-tax target has been scaled up to INR 1,200 crore from the current INR 900 crore, Shinde said that there is no need to increase tax and burden taxpayers, when efficient collection techniques can increase revenue. A special task force has been appointed to implement measures including property surveys using LiDAR technology, integrating property records with computer systems for real-time updates, and implementing penalties for unassessed properties. A dedicated organisation has been appointed to expedite tax collection through a mobile application, ensuring timely notifications to taxpayers.
Further revenue generation measures include a commercial property survey to regulate advertising billboards and signboards, estimated to contribute INR 19 crore annually. Additionally, strategic locations will be identified for advertising gantries and digital hoardings, projected to yield significant revenue. The lease of office spaces and commercial premises in Vashi is also expected to generate INR 5 crore in the new financial year. To fund large-scale projects, the Corporation plans to utilise bonds and adopt the Deferred Payment method where necessary. Financial prudence will be maintained by limiting liabilities and adopting a cash flow method for efficient fund management.
The budget also prioritises education by enhancing municipal schools through the establishment of Atal Labs, computer labs, and a Science Park. A comprehensive educational policy focusing on sports, cultural development, technology, financial literacy, and business knowledge is being implemented. The Corporation also aims to introduce MRI facilities at Vashi Civic Hospital, expand dialysis and chemotherapy services, and operationalise a Cathlab and ICU unit for cardiac patients. A Nutrition Rehabilitation Centre for malnourished children is also being planned. A geriatric ward and a modular mortuary are planned. Two Ayurvedic hospitals have been planned. A veterinary hospital will be commissioned this year.
The budget also includes provisions for social welfare schemes aimed at empowering women, senior citizens, and marginalised communities. Measures include vocational training centres, self-help group support, a working women's hostel, and financial aid for widows. Initiatives for tribal welfare and senior citizen recreation centres will also be strengthened.
In line with fostering economic growth, the Corporation plans to reserve 30% of commercial land for non-agricultural production to support women, differently-abled individuals, and other underprivileged groups.
On environment conservation, he announced the planting of 45,000 trees to create 40 hectares of greenery, and announced the establishment of 145 electric vehicle charging stations and the development of eco-friendly crematoriums, including one for animals. The capacity of the holding ponds to prevent water flowing into the city will be increased, he added.
Shinde announced the modernisation of solid waste management, with control command centres for monitoring, as well as compressed biogas, waste-to-energy projects, and a textile recovery facility. A 100 MW capacity solar photovoltaic power project at the Morbe dam along with a hydroelectric project of 1.5 MW capacity have also been planned. Another 100 electric buses will be inducted in the transport body too, as part of a targeted completely green fleet in two years.
The Navi Mumbai Municipal Corporation's budget for 2025-26 lays a strong foundation for a financially disciplined, economically vibrant, and socially inclusive city. By prioritising infrastructure, education, healthcare, and sustainability, the administration aims to create a model urban centre that not only serves its residents efficiently but also stands as a benchmark for other cities across India.
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