Mohali, March 25 -- Banking heavily on enhanced property tax collection, the Mohali Municipal Corporation, in a special meeting on Tuesday, approved a Rs.266 crore budget for the 2026-27 financial year, marking a sharp 41% increase over the previous year. The civic body expects higher contributions from the Punjab Municipal Fund ( Rs.100 crore), property tax ( Rs.90 crore), advertisement fees ( Rs.49 crore), water tax ( Rs.7 crore) and rent ( Rs.3 crore). The estimated property tax earning in the last budget was Rs.55 crore.

Last year, the Punjab government had approved a reduced budget of Rs.188 crore for Mohali, despite the corporation having cleared a Rs.211 crore proposal for 2025-26. The approved budget had projected a surplus, with...