Makati remains richest LGU - Filipino Journal

Makati remains richest LGU

Makati remains richest LGU

The city of Makati posted a total of P9.38 billion revenue collection from January to September of this year thus maintaining its status as the richest local government unit (LGU) in the country.

The collection is 5 percent higher than its posted revenue for the same period in 2011.
Makati Mayor Jejomar Erwin S. Binay said that the revenue hike can be partly attributed to the increased transparency and efficiency in the city government’s systems and processes achieved through harnessing information technology. The bulk of the collection came from local sources, led by Business Tax that increased by 14 percent to P4.85 billion from P4.25 billion, followed by Real Property Tax with P3.26 billion, or 1 percent lower than P3.30 billion collected as of September 2011. The city has enjoyed a deficit-free status for 26years now.
The city recently passed the criteria for Silver Seal of Good Housekeeping by the Department of the Interior and Local Government and won the Gawad Pamana ng Lahi Award at the regional level.

Leave A Response »

You must be logged in to post a comment.