The BMC Budget 2025 also marks a significant step towards enhancing the educational landscape of Mumbai

The additional municipal commissioners presented the BMC Budget 2025 to Commissioner Bhushan Gagrani, who is the state-appointed administrator of the civic body, at the civic body headquarters in Mumbai

The civic body is under an administrator since the term of the corporators ended on March 7, 2022

The budget estimate for FY 2025-26 is proposed at Rs 74,427.41 crore, which exceeds the budget estimates of 2024-25 i.e. Rs 65180.79 crore, by 14.19 per cent

For the third year, the budget was presented to the administrator instead of the usual practice of the civic commissioner presenting the budget to the standing committee

According to the BMC Budget 2025 document, the budget looks at fiscal discipline and sustainability with emphasis on revenue augmentation, enhancement of Infrastructure and Services and Urban Mobility

Other key highlights of the budget include strengthened Healthcare Infrastructure, efficient Water and Sewerage System, quality Health and Education System, health Facilities, agenda on climate Action, focus on Solid Waste Management Projects and flood mitigation, Enhanced Open Spaces and Greenery

The civic body announced assessment of commercial units in slum area as its new source of income. The budget document states that there  are around 2.50 lakh slums in Mumbai

The BMC also allocated an annual education budget of 3,955.64 crores for the Financial Year 2025-26. This marks an increase of approximately 630 crores compared to the revised budget estimate of 3,321.55 crores for the previous fiscal year

Meanwhile, the BMC Budget 2025 has proposed to raise Rs 6,364.48 crore by way of Internal Temporary Transfer (ITT) in the revised estimates 2023-24