Makati City Mayor Mar-Len Abigail S. Binay boasted last Tuesday that the city has surpassed by 16 percent its 2022 revenue target, posting a total of nearly P21 billion in revenue collection.
MAKATI City Mayor Mar-Len Abigail S. Binay boasted last Tuesday that the city has surpassed by 16 percent its 2022 revenue target, posting a total of nearly P21 billion in revenue collection.
Based on the report from City Treasurer Jesusa E. Cuneta, the bulk of collections came from “Business Tax” with about P9.13 billion, up by 10 percent from 2021. Spearheaded by the Office of the City Treasurer, the campaign tapped the assistance of the barangay government as well as building and condominium management.
Binay said the city’s continuing financial stability will ensure the continuous delivery of quality services to Makati citizens, and the effective implementation of major programs aimed to accelerate Makati’s transformation into a “smart city.” In October last year, Makati was awarded as the second top-performing local government unit in the country and also the second top-performing city in Metro Manila, based on the 2021 locally sourced revenues. The city was also recognized into the Local Revenue Generation Hall of Fame, based on its revenue generated from local sources from 2018 to 2020.
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