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Jap Adupe

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34 Bicol towns surpass the P100-Million annual regular income for 2014.

Aroroy, Masbate. The rich mining town also boasts of white sandy beach in Tinigban. H/T to facebook photo by Guioguio Andray.

For fiscal year ending December 2014, of the 107 Bicol towns, 34 breached the P100-million mark in their annual regular income.

The first five local government units include the mining town of Aroroy (Masbate), Daraga (Albay), Labo (CamNorte), Daet (CamNorte) and Libmanan (CamSur).

Annual regular income consists of locally sourced revenue together with Internal Revenue Allotment (IRA) for the year and other shares from the national tax collection.

Locally sourced revenue includes real property tax, tax on business, other taxes, regulatory fees, service/user charges, and receipts from economic enterprises.

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First Published         3 Jan , 2016      6:16 am      (UTC/GMT -8 HRS)       with 232 views.

THIS ARTICLE IS RELATED TO    Annual Regular Income, Internal Revenue Allotment, local government unit, Public Finance, year end report