The Panvel Municipal Corporation (PMC) has announced a Rs 4,853.90 crore budget for the financial year 2026–27, outlining a development-driven plan focused on infrastructure, water supply, sanitation, and civic services. The budget, presented by Municipal Commissioner Mangesh Chitale before the standing committee led by Baban Mukadam, projects a modest surplus of Rs 10 lakh while aiming to support the city’s rapid urban expansion.
The corporation expects total receipts of Rs 4,853.90 crore, with a substantial portion—Rs 1,362.30 crore—coming from the opening balance, contributing over 28% of the revenue. Property tax recovery remains central to the financial strategy, with targets of Rs 319 crore from current collections and Rs 1,633.45 crore from pending dues. Officials emphasised that clearing arrears, which form a significant share of projected income, will be critical. “Recovery of long-pending dues will remain a priority and is essential to support the scale of planned projects,” Chitale said.
Additional revenue sources include Rs 547.94 crore from GST compensation and Rs 159.31 crore through development charges under UDCPR, alongside grants from central and state government schemes, indicating continued reliance on external funding.
On the expenditure front, Rs 4,853.80 crore has been allocated, with infrastructure projects taking precedence. Road development alone accounts for Rs 358 crore, targeting improved connectivity through concreting and asphalting works. Water security is another key focus, with Rs 150 crore earmarked for the Shilar dam project and Rs 115 crore for upgrading the Dehrang-to-Panvel pipeline. Sewerage works will receive Rs 164 crore, while Rs 116.72 crore is allocated under the AMRUT 2.0 scheme.
Sanitation and environmental initiatives have been allotted Rs 317.81 crore, while Rs 159 crore is set aside for gardens and parks. Key projects include Rs 200 crore for the “Swarajya” headquarters and Rs 60 crore for flood mitigation ponds. Increased allocations for education and healthcare further underline the PMC’s push towards balanced urban development.
Source: Hindustan Times
