Malabon vows to hike 2018 revenues to P1.795 billion

The administration of Mayor Antolin A. Oreta III is targeting to collect P1.795 billion in revenues this year, just slightly higher than Malabon City’s P1.737-billion haul in 2017.

The city set a conservative target, as according to the City Treasurer’s Office (CTO), Malabon managed to hike its collection by P561.95 million in 2016 last year.

CTO head Dr. Amalia C. Santos said the city government’s main sources of revenues since 2014 are the real-property taxes and business taxes.

The BusinessMirror learned from the CTO that the factors that considerably increased the city government’s annual income last year was the implementation of the revised schedule of fair market value and the amendments to the “revenue rate” being used by the income-generating offices of the city.

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The Sangguniang Panglunsod revised last year the city’s 1992 fair market value.

The City Assessor’s Office (CAO) said the increase in land value was 200 percent per square meter.

The planned increase in the house rate per square meter is yet to be approved by the Sangguniang Panglunsod, the CAO said.

The 2005 revenue rates were also revised by the Sangguniang Panglunsod last year, which helped increase the annual income of the city government.

CTO data showed that the city government’s revenue in 2015 was P1.08 billion, higher than 2014’s P993 million.

The improvements on income were a clear manifestation that Oreta administration is on the right track since he became the city’s mayor in 2012.

Oreta was the city’s vice mayor when he assumed the remaining term of his uncle, Mayor Canuto Oreta, who died in 2012 due to lung cancer.

Oreta ran and won in 2013. He was reelected in 2016 after he defeated then-Rep. Josephine Veronique L. Noel.

 

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Nelson S. Badilla started writing for various publications in November 1994 and stopped in December 2006. Then, he started teaching in various universities from 2007 to 2016. He returned to media profession in November 2014 until he joined in the Business Mirror last February this year. Badilla finished Doctor of Education, Major in Educational Management, program from the University of Rizal System (2015). He obtained his Master of Public Administration from the University of the Philippines - National College of Public Administration and Governance (2007). He first took up his bachelor's degree, AB Political Science, from the Lyceum of the Philippines and but finished it at the Philippine Christian University in Manila (2005). While writing stories for this paper, Dr. Badilla is set to teach Public Administration, Journalism, and Basic Economic courses starting this year.