City treasurer: Tacloban earned P651-M in 2009
TACLOBAN CITY- The city government here generated more than P651 million income in 2009, a top city official reported.
City Treasurer Susan Cordaño said the total revenue collection for 2009 increased by 13 percent or P 80 million compared to the previous year, which stood at P 571 million.
“Of course, we were very much happy that the city’s income increased without any tax increase. This is a testament to the excellent leadership of Mayor (Alfred) Romualdez and the city’s business-friendly environment,” she said.
The city treasurer added that it also showed that the city was able to withstand the effects of the global economic recession, and that the new strategies that the City treasure’s Office (CTO) implemented in the revenue collection effort were effective.
“With the global economic recession we were not expecting a substantial increase in the city’s income. At most, we were expecting a break-even income compared to the previous year,” she pointed out.
Based on data supplied by Cordaño, the city government earned a total of P651,492,656 last year.
The bulk of the city’s income came from its share of the Internal Revenue Allotment (IRA) which increased by P 49. 2 million to P 395 in 2009 from P 346 million the previous year. The rest came from local sources.
Of the local sources, business tax collections contributed P 173 million to the city’s coffer, up P 20 million or 13 percent from the P 153 million posted in 2008.
Collection from income-generating enterprises (including the New Abucay Bus Terminal and the Tacloban City Astrodome) increased by P 7 million or 18 percent, from the previous year’s P 38 million to P 46 million in 2009.
Revenue from Real Property Tax (RPT) reached P 36 million in 2009, from P 33 million the previous year or a hike of P 3 million or 9 percent.
Cordaño attributed the increase in the city’s income to the revenue collection strategies introduced by the CTO in the early part of 2009.
“The methods proved effective in increasing our revenues,” she stressed.
Among the strategies introduced by the CTO were the strengthening of the revenue collection, conduct of twice a year auction of delinquent properties, and revisiting of existing tax ordinances. (CIO- JOSE RODRIGUEZ T. SEÑASE)
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