Chandigarh Municipal Corporation Sets Historic Revenue Target for 2026-27
The Municipal Corporation (MC) of Chandigarh has unveiled an ambitious financial blueprint for the 2026-27 fiscal year, projecting a record-breaking Rs 461 crore in its own revenue receipts. This marks the highest internal revenue estimate in the corporation's history, signaling a strategic shift toward financial self-reliance and reduced dependence on government subsidies.
Strategic Push for Financial Independence
This bold revenue projection comes after sustained pressure from the Union Territory administration, which has long urged the MC to bolster its internal income streams. The goal is to independently fund crucial development projects and urban infrastructure upgrades without relying heavily on external aid. By strengthening its revenue base, the corporation aims to enhance its operational autonomy and accelerate local development initiatives.
Key Revenue Streams Driving Growth
Water charges are poised to become the MC's primary revenue source in the upcoming fiscal year, followed closely by property tax collections from both commercial and residential properties. Additional significant contributors include parking revenue and garbage collection fees. The introduction of the citywide 'one pass' paid parking system is expected to transform parking from a previously negligible income source into a substantial revenue generator, significantly boosting the overall financial outlook.
Comprehensive Budget Planning and Rate Revisions
During the meticulous budget planning process, officials examined all potential revenue heads to maximize income. Key user charges, including water supply, garbage collection, and sewage cess, are set to increase from the new financial year, with these revised rates already incorporated into the revenue estimates. New initiatives such as enhanced parking charges and strategies to increase advertisement revenue have further strengthened the financial projections.
Asset Monetization and Property Disposal
In a move to unlock additional revenue, the MC plans to dispose of properties that have remained unsold for years. Following recent decisions by the general house to reduce reserve prices for certain sites and clear them for re-auction, the corporation anticipates improved prospects for property disposal. This asset monetization strategy is expected to generate significant income and optimize underutilized municipal assets.
The Chandigarh Municipal Corporation's 2026-27 budget reflects a comprehensive approach to financial management, combining rate revisions, new initiatives, and asset optimization to achieve unprecedented revenue targets. This financial strategy underscores the MC's commitment to sustainable urban development and enhanced public service delivery through robust internal resource mobilization.
