Issue of May 13, 2018
     
NEWS
Benguet
Kalinga
 
OPINION
 

2018
Panagbenga Flower Festival
 
Other Links:
City Treasurer reports 13.39% increase in tax collection
by Gaby B. Keith

The Baguio City Treasurer’s Office (CTO) reported a significant rise in collected taxes and fees last year with a total of P1,178,738,425.47 as compared with the  P1,039,581,038.75 collected in 2016. This represented a 13.39 percent increase.

In Monday’s flag-raising rites at City Hall, City Treasurer Alex Cabarrubias said the office collected P254,123,581.63 in real property taxes and P597,711,278.25 in business taxes, including fees and charges amounting to P326,903,565.59 in 2017.

The city received P706,635,262.31 as its Internal Revenue Allotment share from the national government last year, which is 12.97 percent higher than the P625,510,220.11 in 2016. 

For 2018, Cabarrubias said the CTO is targeting to collect P1,064,358,285.71 and so far, P677,701,402.38 has been collected or 63.67 percent of the target amount.

He said the city targets to collect P210,714,285.71 in real property taxes this year, P138,178,400 or 65.58 percent of which has already been collected. 

The target business taxes collection for 2018 is P547,130,000 where P387,874,461.46 or 70.89 percent has been collected so far.

The target fees and charges this year is P306,514,000 where 49.48 percent  or P151,648,540.92 has already been collected. 

The city is aiming to receive P755,605,064 IRA in 2018 where P253.702.993.47 or 33.58 percent has already been released.

Cabarrubias said the target expenditures this year is P1,709,249,064 where P318,193,357.31 or 18.62 percent has been spent so far.


Your Ad Here


BUSINESS
Planned adjustment of tax rate discount in MP gets flak

Top Baguio taxpayers feted

TESDA–CAR hosts pre–selection of resto, cooking skills champs

15 biz establishments in MP get BAGWIS award from DTI

19 grade 12 grads hired in job fair

654 students hired under SPES in MP


PWU Baguio
Technical Education & Skills Development Authority – CAR
University of Baguio

Baguio Central University
Baguio Country Club
Benguet Electric Cooperative Inc.
Bureau of Fisheries and Aquatic Resources – CAR
Congressman Ronald M. Cosalan
Department of Health – CAR
Grab
John Hay Management Corporation
National Grid Corporation of the Philippines
New Media Services
Pag–IBIG Fund
Pines City Colleges
Sangguniang Panlungsod
SiTEL

ABC360
Assumption Medical Diagnostic Center
Baguio Center Mall
Baguio Water District
Choobi Choobi
Congressman Mark O. Go
Councilor Leandro B. Yangot Jr.
Curamed Pharmacy
Department of Environment and Natural Resources – CAR
Department of Public Works and Highways – CAR
Department of Science and Technology
Fabulo Beauty and Image Salon
Far East Pacific Commercial
Filipino–Japanese Foundation of Northern Luzon, Inc.
Ganza & Solibao Restaurants
Gen. Benjie B. Magalong
GMS Technology
Governor Crescencio C. Pacalso
Maybank
Mayor Mauricio G. Domogan
Mayor Romeo K. Salda
Mother Earth Deli Basket
Nagomi Spa
Narda’s / Sunflower Ridge
NIIT
Northern Luzon School for the Visually Impaired, Inc.
Our Lady of Mt. Carmel Montessori, Inc.
Philex Mining Corporation
Police Regional Office – CAR
Regional Development Council – CAR and National Economic and Development Authority – CAR
Regional Tripartate Wages and Productivity Board – CAR
SN Aboitiz
Tony Boy Tabora
Veterans Bank

Home | About Us | Editorial Policy | Contact Us  
News | Opinion | Snapshots | Week's Mail | Obituaries  
Copyright © 2007-2015. All Rights Reserved. baguiomidlandcourier.com.ph