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BMC budget: Party in power next can do reappropriation, says Civic chief

Announcing a budget without an electoral body, BMC chief says that legal options are available for the next ruling political party to make changes, if any

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Civic chief Iqbal Singh Chahal presenting Budget 2023-24 at the BMC headquarters on Saturday. Pic/Sayyed Sameer Abedi

Civic chief Iqbal Singh Chahal presenting Budget 2023-24 at the BMC headquarters on Saturday. Pic/Sayyed Sameer Abedi

The BMC hasn’t been drawing a constant source of income from its fixed deposits. Isn’t this a matter of concern?
We cannot levy tax on citizens if we have money in fixed deposits. There is a reserve fund for big projects, which stands at Rs 15,600 crore, which can be used by us. Besides, each and every revenue will be calculated. The BMC is not lacking funds. The compensation for Octroi will come every year from the state government. Revenue from property tax and development plan along with interest on FDs are other sources. There is a multilevel plan. 

The budget has been prepared by an administration without an electoral body. How does that change things?
I cannot comment on it. But the citizens are at the core. Any political party that comes to power can do a reappropriation. It is a legal option available to them. They can cut down provision on one sector and add to another. 

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