Ludhiana civic body achieves Rs 150 crore property tax target

                Ludhiana: The municipal corporation (LMC) has met its annual property tax target, recovering ₹153 crore against a target of ₹150 crore. However, it fell short in other revenue streams, 
with the total recovery for financial year 2024-25 amounting to ₹833.71 crore — well below the ₹976.7-crore target.
Despite senior deputy mayor Rakesh Prashar's repeated requests for the state govt to release the remaining share of the goods and services tax (GST), the funds have not been 
disbursed. The LMC received ₹504 crore in GST revenue against the ₹625 crore target, mirroring last year's shortfall. Prashar had also urged Punjab chief minister Bhagwant Mann to 
clear the pending funds to facilitate city development projects.
The civic body achieved 92% of its target for water supply and sewerage dues, collecting ₹42.6 crore against a ₹46 crore target. Officials said they intensified recovery efforts in March, 
keeping MC offices open and dispatching teams to meet collection goals.
A municipal official claimed that the LMC had achieved most of its revenue goals and could have boosted its finances significantly if the full GST share had been disbursed. He also noted 
that despite it being an election year, the civic body met key targets and is determined to improve its collections next year. The LMC now faces the challenge of bridging its revenue gap 
while continuing to press the state government for its pending GST share.


Source : Times of India