Opinyon

We Take a Stand

Makati beats 2018 revenue target

1 min read

Makati City hall facade

By Beatriz Pereña | Published: January 16, 2019

Makati Mayor Abigail Binay shared the good news of reaching the city’s total revenue target in 2018.

In her State of the City Address (SOCA) on January 8 at Rigodon Ballroom, The Peninsula Manila, Binay reported that total revenues collected last year surged to P17.8 billion.

“Thanks to our dutiful taxpayers, we have surpassed last year’s revenue target by 14 percent as of December 31.  Based on the tentative full-year report submitted by the City Treasurer yesterday, our actual total revenue collections in 2018 have reached P17.8 billion,” she said.

According to Binay, the biggest share came from Business Tax, with P9.1 billion, followed by Realty Tax, with almost P6.2 billion.

Makati also reclaimed its title as the country’s richest city based on the latest report of Commission on Audit, with total assets amounting to P196.7 billion.

Leave a Reply

No name or email address required.

You may have missed

4 min read

Consumer Confidence Hits Rock Bottom

By Rose de la Cruz | Published: September 25, 2020   Consumers are pessimistic about...
2 min read

Good News To Credit Card Users

By Rose de la Cruz | Published: September 25, 2020   To help consumers, especially...
1 min read

‘Mamasapano’ Flick Stars Edu Manzano As Magalong

By Boy Villasanta | Published: September 25, 2020   The movie cameras will finally roll...
2 min read

Random Thoughts

By James Veloso | Published: September 25, 2020   Who on earth at the Department...