The Rajahmundry Municipal Corporation (RMC) has greenlit a substantial financial blueprint, pegging the budget at ₹767 crore for the upcoming fiscal year 2026-27. This marks a significant financial undertaking for the corporation.
RMC Commissioner Rahul Meena disclosed the particulars of the budget to media outlets, highlighting projected revenue streams.
This financial framework, approved and announced on April 28, 2026, sets the stage for the RMC's operations and development initiatives over the next year. The emphasis on municipal bonds suggests a move towards leveraging capital markets for funding infrastructure and public services.
Frequently Asked Questions
Q: What is the total budget for the Rajahmundry Municipal Corporation in 2026-27?
The Rajahmundry Municipal Corporation has approved a budget of ₹767 crore for the fiscal year 2026-27. This plan outlines the expected income and spending for the city's development and services.
Q: How much money does the Rajahmundry Municipal Corporation expect to earn in 2026-27?
The corporation anticipates earning ₹619 crore from its regular sources. It also plans to raise an additional ₹30 crore by issuing municipal bonds.
Q: Why is the Rajahmundry Municipal Corporation using municipal bonds for its 2026-27 budget?
The use of municipal bonds shows the corporation's plan to get more money from financial markets. This money will likely be used to fund new infrastructure projects and improve public services in Rajahmundry.
Q: Who announced the details of the Rajahmundry Municipal Corporation's 2026-27 budget?
RMC Commissioner Rahul Meena shared the details of the budget with the media on April 28, 2026. He explained the projected income and how the funds will be used.
