MUMBAI: Brihanmumbai Municipal Commissioner Bhushan Gagrani on Tuesday unveiled the BMC’s largest-ever Rs 74,427-crore budget for fiscal year 2025-26, which is 14.19% more than the previous year’s. The BMC proposes to develop the Mumbai Eye in line with the United Kingdom’s iconic London Eye on a private participation model. The corporation revived the project shelved over a decade ago. It will require two to three acres of land.The BMC also plans a Tiger Monument as part of the GMLR project in collaboration with the forest and tourism departments. A suitable location within the tunnel passing underneath Sanjay Gandhi National Park will be identified.Of the budgetary allocation, Rs 43,162 crore goes to capital expenditure, mainly for developmental and city infra projects. The revenue expenditure has reduced from 75% to 42%, curbing costs in salaries and administration.Gagrani presented his first budget, the BMC’s third without an elected body. With the upcoming BMC elections, the Mahayuti-controlled corporation refrained from introducing new taxes.
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