Thane, Feb 17 (PTI) Navi Mumbai Municipal Corporation commissioner Rajesh Narvekar on Friday approved the budget for 2023-24 of the city, the highlight of which is the absence of any new tax in what is most likely election year for the civic body.

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As per the budget, income of Rs 4,925 crore is expected, while the expenditure will be an estimated Rs 4,922.50 crore, a marginal surplus of Rs 2.50 crore, a civic official said.

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A sum of Rs 1,318.29 crore will be spent on civic amenities, Rs 752 crore for administrative purposes, Rs 568.53 crore for water supply and sanitation. Rs 556.84 crore for other civic amenities and Rs 125.08 crore for e-governance, he said.

"A sum of Rs 406.37 crore has been provided for cleanliness and waste management, which is significant as Navi Mumbai had bagged third spot in Swachh Survekshan 2022. The budget also earmarks Rs 225.23 crore and Rs 184.48 crore for health and education, respectively," the official said.

A major chunk, or Rs 1,626.35 crore, of the income of the civic body will come from local body tax and goods and service tax, while property tax and development fees will account for Rs 801 crore and Rs 360 crore, respectively, he added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)