Bengaluru is making a big budget change. Now, its five new city corporations will prepare their own budgets separately. Each corporation’s budget will be between ₹1,300 crore to ₹1,500 crore. The Greater Bengaluru Authority (GBA) will also present its own separate budget. This is the first time budgets are divided this way. A big focus this year is on municipal bonds. According to GBA officials, these bonds will fund important infrastructure like roads, drains, parks, and lakes. "Municipal bonds allow urban local bodies to raise long-term funds directly from the market for capital-intensive infrastructure works," said a senior official. It helps reduce total dependence on State grants and promotes financial discipline. The North Corporation will give special attention to parks, lakes, and footpaths. Its Commissioner, Pommala Sunil Kumar, said toilets will be installed in all parks and gym equipment will be maintained well. Paid parking will expand to raise funds for upkeep. Sanitation is a key focus, with plans to improve garbage processing using various machinery sized to ward needs. Welfare spending is getting a fresh push across all corporations this year. Usually, about 25% of funds go to salaries and pensions, around 60% to city works, and the rest kept for emergencies. Now, 15% to 20% will be set aside specifically for welfare from the beginning. These funds will support Scheduled Castes, Scheduled Tribes, backward classes, and mostly pourakarmikas and other civic workers, said a senior GBA official. The GBA’s budget will differ by not listing specific projects. It will mainly be an expense statement, with project tasks handled by corporations, according to the official.