PMC Faces ₹300 Crore Property Tax Shortfall Amid Poll Code and Recovery Restrictions
The Pune Municipal Corporation (PMC) is facing a significant shortfall in its property tax revenue, its highest income source. Against a target of ₹2,600 crore for the 2024-25 fiscal year, the civic body anticipates falling short by ₹300 crore. By October, PMC had collected ₹1,725 crore and expects an additional ₹600 crore by March 2025. The shortfall is attributed to restrictions on tax recovery from 34 merged areas and the enforcement of the poll code, which limits the civic body's ability to take major policy decisions. Typically, the PMC intensifies its tax recovery drive in November, but these constraints have disrupted its plans.
Despite presenting an inflated budget of ₹11,601 crore for 2024-25, PMC's reliance on traditional income sources like property taxes and building permissions is being challenged. Last year, similar difficulties were faced due to halted tax recovery in the merged areas under political pressure, leading to collections of around ₹2,280 crore in property tax and ₹2,400 crore in building permissions. The administration is now seeking state government intervention to address the revenue challenges.
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