Good governance initiatives implemented by Mayor Joy Belmonte helped Quezon City top the list of local government units (LGUs) nationwide in terms of locally sourced revenues (LSR) during the fiscal year 2019, according to City Treasurer Ed Villanueva.
“Mayor Belmonte’s good governance is the key to this enormous success, which then earns the unwavering support of businesses and the public,” said Villanueva, adding “they trust where their money goes and how it is disbursed.”
According to Bureau of Local Government Finance (BLGF) of the Department of Finance (DOF), Quezon City collected nominal LSRs of P16.95 billion in 2019.
The tax income came from real property tax, business tax, other taxes and non-tax revenues.
Villanueva said that he is optimistic that the city will get the same recognition for fiscal year 2020 and 2021 as the city “continues to hit and even surpass its own tax collection target.”
The Mayor’s decision to allow staggered payment scheme for underdeclared and undeclared business taxes instead of hefty penalties also encouraged businessmen to settle their obligations.
“Nagpapasalamat tayo sa suporta at tiwala ng taxpayers sa ating administrasyon. Sinisiguro nating lahat ng nakolektang buwis ay ating ginagamit para lalong paigtingin at palawakin ang serbisyo para sa lahat ng QCitizens,” said Belmonte.