
North body increase budget estimates; no hike in property tax rates
The Hindu
Revised estimate for 2021-22 stands at ₹7818.66 crore
The elected wing of the BJP-led North Delhi Municipal Corporation on Friday presented the final budget estimates for the year 2022-23 with the estimated expenditure being increased to ₹7504.91 crore from the previous estimate of ₹5808.24 crore presented in November 2021.
The civic body also presented the revised estimates for the year 2021-22, with the estimated expenditure standing at ₹7818.66 crore.
The proposal to hike property tax rates by 2% was rejected by the elected wing that aims to achieve the estimated income through sources of increased property tax collection and multi-level car parking projects, which are currently in the pipeline.
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