Brihanmumbai Municipal Corporation (BMC),the country’s richest civic body, planned to spend Rs 26,581.02 crore during 2012-13, Municipal commissioner Subodh Kumar said while presenting budget.This is a rise of about Rs 5,484 crore over the previous year.  
 
 The budget stepped up investments in infrastructure, raised water tariffs and was devoid of any short-term sops for citizens.
 
 The total capital expenditure is set to increase by over Rs 1,670 crore, a large part of which will be spent on roads, bridges, stormwater drains, new fire equipment, construction of slum toilets, replacement of water pipelines and increasing number of beds in hospitals.
 
 This year, the civic administration will be looking at increasing revenue by raising its octroi collection. With a targeted collection of Rs 7,000 crore proposed for 2012-13 (as opposed to Rs 5,800 crore last year), the BMC’s octroi dependency has ballooned despite traders and a large section of Mumbai’s business community opposing it.
 
 It will also increase the licence and trade charges by 10 per cent and 75 per cent for those in the chemicals, explosives and paints businesses.
 
 The second biggest money spinner for the BMC in the next financial year will be development charges, which are collected from builders for new projects, FSI premium, TDR charges, etc. The civic administration is hoping to earn over Rs 3,435 crore from these charges (as opposed to Rs 1,798 crore last year).