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VOLUME XXVIII No. 40
Tagbilaran City, Bohol, Philippines
April 13, 2014 issue
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Bohol Realty - Panglao beach property - affordable house and Lot - overlooking view - commercial property - investment property - Bohol beach property

Income of city in two quarters sees increase

 

The administration of City Mayor John Geesnell “Baba” Yap II must be in the right track if its performance in the last two quarters is any gauge. For two consecutive quarters, the City Economic Enterprises has maintained its income's exponential growth. For the first 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 P2.4M compared to P1.7M last January to March 2013.

The Parking Fee and Cash Ticket had zero earnings in the first quarter of 2013 compared to its P3.6M earnings this first quarter of 2014. The income of the slaughterhouse almost doubled in 2014 with P833, 721.57 compared to P486, 628.28 in the first quarter of 2013. The Tagbilaran City Waterworks System has also doubled its income this year with P3M compared to P1.4M in the first quarter of 2013.

The following table shows the comparison in the current income as against the same period last year:

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 P21.3M this first quarter of 2014, the same with the real property tax collections, which have also increased by 13% or P4M. With this upsurge, the Bureau of Local Government and Finance (BLGF) announced that the City Government was able to get more than half of its target earning for the year 2014 for Real Property Tax amounting to P35,603,554.43 and for business tax amounting to P102,349,502.77.

It should be noted that it is still on the first quarter.

 

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 Yap. Ontong stressed that their office cannot fully exercise its mandate without the trust and confidence of the mayor backing them up.

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