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Jap Adupe

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List: 16 Bicol towns report annual regular income for F/Y2014 between P34-M and P49.7-M

For fiscal year ending December 2014, 16 Bicol municipalities out of 107 reported their annual regular income between P34 million and P49.7 million.

The local government unit of San Miguel, Catanduanes, the only landlocked town of the island province, topped the category while the town of Gainza of Camarines Sur earned the least.

The port town of Pasacao fronting the rich fishing grounds of Ragay gulf, on the western seaboard of Camarines Sur. H/T flickr by Edison Sy.

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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.

As of this posting, four Bicol towns has no updated information of its earnings on the government database files.

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First Published         3 Jan , 2016      10:17 am      (UTC/GMT -8 HRS)       with 294 views.

THIS ARTICLE IS RELATED TO    local government finance