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Corporators fear BMC might face a financial crisis soon

Updated on: 10 September,2019 07:53 AM IST  |  Mumbai
A correspondent |

This is over and above the ongoing loan of Rs 1136.31 crore that BEST had taken from the BMC. The corporators also said that the development fee collected by the BMC might soon go to the MMRDA, increasing the possibility of a financial crunch

Corporators fear BMC might face a financial crisis soon

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This is over and above the ongoing loan of Rs 1136.31 crore that BEST had taken from the BMC. The corporators also said that the development fee collected by the BMC might soon go to the MMRDA, increasing the possibility of a financial crunch.


Rajul Patel, Sena corporator and committee member, said, "BMC's revenue generated from the development planning department has declined as the development fee has reduced. And now if the MMRDA charges the fee instead of the BMC, what will happen to our employees? We also heard that after 2020 the state government would stop giving us GST compensation."

Ravi Raja, Opposition leader, said, "The administration had said that they would conduct an audit of the civic body's expenditures and share the report with us. Where is that report? And now again they gave a huge grant to the BEST. If this continues, what will happen to our employees?"

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