Tagbilaran City’s local income increases dramatically for the 1st quarter of 2014

The City Economic Enterprises (CEE) did it again. For two consecutive quarters, the CEE has maintained its income’s exponential growth. For the 1st quarter of 2014, the CEE has posted a 170% increase compared to the same period last year. The total rental fee from January to March 2014 was 2.4M compared to 1.7M last January to March 2013. The Parking Fee and Cash Ticket had zero earnings in the first quarter of 2013 compared to its 3.6M earnings this first quarter of 2014. The income of the Slaughterhouse almost doubled this 2014 with Php833, 721.57 compared to Php486, 628.28 in the first quarter of 2013. The Tagbilaran City Waterworks System has also doubled its income this year with 3M compared to 1.4M in the first quarter of 2013.

ECONOMIC ENTERPRISE

1ST QUARTER 2013

1ST QUARTER 2014

INCREASE

Total Rental Fee

1,712,678.88

2,420,848.34

708,169.46

Parking Fee/Cash Ticket

——

3,609,106.62

3,609,106.62

Slaughterhouse

486,628.28

833,721.57

347,093.29

Waterworks

1,483,125.84

3,082,653.41

1,599,527.57

TOTAL

3,682,433.00

9,946,329.94

6,263,896.94

The Business Tax collections also increased by 26% or 21.3M this first quarter of 2014, the same with the Real Property Tax collections which have also increased by 13% or 4M. With this upsurge, the Bureau of Local Government and Finance (BLGF) announced that the city government were able to get more than half of its target earning for the year 2014 for Real Property Tax amounting to 35,603,554.43 and for Business Tax amounting to 102,349,502.77 even though we are still in the first quarter of the year.

  1st QUARTER 2013 1ST QUARTER 2014 INCREASE %
BUSINESS TAX

81,013,224.11

102,349,502.77

21,336,278.66

26%

REAL PROPERTY TAX

31,413,569.88

35,603,554.43

4,189,984.55

13%

TOTAL

112,426,793.99

137,953,057.20

25,526,263.21

 

 

City Treasurer Primitiva Ontong is grateful to the support of City Mayor John Geesnell “BABA” Yap II. Ontong stressed that their office cannot fully exercise its mandate without the trust and confidence of the mayor backing them up.

 

Post navigation