Thane, March 23 Thane Municipal Commissioner Saurabh Rao presented a budget of ₹6,221.12 crore for the 2026-27 fiscal, focusing on infrastructure, health, and education, without proposing any increase in municipal taxes.
The budget was presented in the general body meeting held under Mayor Sharmila Pimpolkar.
Presenting the financial statement, Rao emphasized maintaining financial discipline while enhancing the standard of living for citizens through sustainable "Green Thane" solutions and improved administrative transparency.
Leader of the House, Hanumant Jagdale, moved a resolution praising Rao's work as an administrator over the past two years, which was seconded by Leader of Opposition Ashraf Shanu Pathan.
Interacting with the media, Rao said that revenue income is estimated at ₹4,078 crore, while total expenditure is pegged at ₹6,221.12 crore, comprising revenue expenditure of ₹3,818.17 crore and capital expenditure of ₹2,401.55 crore.
The corporation expects to generate ₹2,376 crore from its own earnings, including ₹1,120 crore from property tax and fees, he said.
"An additional ₹1,702 crore is expected through GST, stamp duty, and grants, while ₹490 crore will be raised through loans and bonds. Efforts to bring more properties into the tax net are expected to yield an additional ₹400 crore," Rao said.
On the expenditure side, ₹1,716 crore has been earmarked for wages and allowances, and ₹1,606 crore for basic ward-level facilities. Significant allocations include ₹929 crore for waste management, ₹448 crore for water supply, and over ₹439 crore for education, the civic chief informed.
Rao confirmed that ongoing projects, including the new civic headquarters, are slated for completion by the end of 2026.
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