The Mohali Municipal Corporation is preparing to table a budget of ₹22,698 lakh during a special meeting convened for March 24. Notably, in what is an election year, the civic body has refrained from imposing any fresh taxes on the city’s residents. For the financial year 2026-27, the corporation has a balanced budget with income and expenditure both estimated at ₹22,698 lakh.
A major share of this income will be generated through property tax, with an aim to collect ₹7,000 lakh. This is a considerable increase over the current year’s target of ₹5,500 lakh, out of which ₹4,684.85 lakh was collected till December 2025. Another major share of income will be received from Punjab Municipal Fund; the MC aims to collect ₹10,000 lakh from this source in the next financial year and increase it over the ₹5,129.19 lakh received till the end of the third quarter of the current financial year.
The budget also indicates many ambitious changes in income streams. Despite having collected no revenue from the Municipal Tax on Electricity against a nominal ₹1 lakh target this year, officials have set a bold target of ₹1,000 lakh for 2026-27. Similarly, the local body intends to generate ₹150 lakh through additional excise duty, an area that has yet to yield any actual returns so far this year, though it hopes to hit the ₹100 lakh mark by the end of March. Meanwhile, income from community hall bookings has been kept stable at ₹70 lakh, a move intended to ensure these public facilities remain affordable for lower- and middle-income families.
Advertising boards are expected to contribute ₹2,950 lakh to the coffers next year. While the current year’s target of ₹2,750 lakh is unlikely to be fully met— with collections estimated to reach ₹2,519.11 lakh by the end of March — the MC remains optimistic about future growth in this sector. Revenue from rent and lease fees has also been adjusted, with a collection goal of ₹300 lakh by the close of the current fiscal year and a target of ₹330 lakh for the year ahead.
On the outflow side, the proposed expenditure of ₹22,698 lakh includes establishment expenditure, contingencies, and development works. In the proposed budget, there is an allocation of ₹723 lakh for contingency, and a major chunk of the amount of ₹14,755 lakh is earmarked for all sorts of development work which is a major boost for infrastructure development.
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