The Bacolod City Treasurer’s Office collected P1,444,728,501 in real property taxes and other non-tax revenues in 2018, City Treasurer Giovanni Balalilhe said yesterday.
Balalilhe, his report to Mayor Evelio Leonardia, said the Bacolod collection target for 2018 set by the Department of Finance – Bureau of Local Government Finance (DoF-BLGF) was only P1,013,816,656. A press release from the mayor’s office said.
“Our collection efficiency was 143 percent, meaning we exceeded the target of DoF-BLGF,” Balalilhe said.
“Again, major economic indicators for Bacolod are pointing upwards. This is a solid statement that we have restored business confidence,” Leonardia said.
The mayor noted that the business permits registration in 2018 reached 23,187, an all-time high record, noting that this was 23.2 percent or 4,370 higher compared to 2015, under the previous administration.
Based on the City Treasurer’s Office 2018 report, the city’s Real Property Tax collection posted an efficiency of 186 percent, or a total collection of P730,528,738 compared to the target collection of P392,671,656, the press release said.
For Non-Tax Revenues, composed of business and other local taxes; fees and other charges; and economic enterprises, the collection efficiency was 115 percent, or a total collection of P714,199,768 compared to the target collection of P621,145,000, the press release added.
Balalilhe said the City Treasurer’s Office received three awards from the DoF-Regional Office last year, for having the highest collection efficiency among Western Visayas cities in 2017.*
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