About ₹2,500-crore property tax arrears from merged areas squeeze Pune civic body's finances

Pune Municipal Corporation faces a ₹2,500-crore revenue shortfall due to unpaid property taxes from newly merged areas. The state government's 2024 decision to halt tax recovery and limit rates has led to a policy deadlock, increasing the financial burden on existing taxpayers. The PMC is unable to provide adequate services, raising concerns about infrastructure funding.

Read the source (ET Realty Regulatory)

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