The Chennai Corporation Special Officer has passed the budget for
2017-2018 without making any new announcements on infrastructure
development and welfare projects. The property tax rates will remain
unchanged. The civic body has not changed the tax rates since 1998.

A
senior official of the Corporation said the budget was passed on March
14. “We have not released the information on welfare measures because of
the model code of conduct,” said an official.

According to budget estimates, the civic body is expected to spend more on stormwater drains in 2017-2018.

Chennai
Corporation will receive a loan amount of more than Rs. 2,000 crore
from various funding agencies, including the World Bank. The interest
payment on loans is also expected to increase.