Narayanganj City Corporation unveils record Tk1,609.97cr budget

Narayanganj City Corporation (NCC) on Thursday announced a record budget of Tk1,609.97 crore for the 2026-27 fiscal year, with no new taxes imposed and additional tax incentives for environmentally friendly initiatives.
NCC Administrator Advocate Sakhawat Hossain Khan unveiled the budget at his office in the morning.
According to the budget, the corporation has projected total revenue and development income of Tk1,600.99 crore, while total expenditure has been estimated at Tk930.08 crore, leaving a projected surplus of Tk670.92 crore at the end of the fiscal year.
The new budget is Tk285.66 crore higher than that of the previous fiscal year, making it the largest budget in the corporation’s history.
No new taxes have been proposed. Instead, the city corporation announced an additional 2% holding tax rebate for property owners with rooftop gardens, raising the maximum tax exemption from the existing 27%.
In his budget speech, the administrator said priority has been given to road and drainage development, expanding the supply of safe drinking water, modernising waste management, restoring canals, reducing waterlogging, dengue prevention, environmental protection, tree plantation, easing traffic congestion and expanding IT-based citizen services.
The budget includes plans to install 20 kilometres of water transmission pipelines, 280 kilometres of distribution pipelines, establish 14 District Metered Areas (DMAs), provide 35,000 smart water connections and construct or rehabilitate 35 kilometres of drains.
It also proposes developing parks, playgrounds and community centres on five hectares of land, installing 54 water pumps in 27 wards, launching a permanent dumping ground in Jalkuri, developing solid waste management infrastructure in Kadam Rasul, rehabilitating hawkers, constructing alternative roads, improving religious establishments and installing 30 "street memory stamps" in honour of the martyrs of the July uprising.
After announcing the budget, Sakhawat Hossain Khan called on city residents to cooperate in building a clean, environmentally friendly, planned and traffic-free city and urged them to pay holding taxes, water bills and other municipal fees on time.