SANTA ROSA CITY– This city has breached the P1 billion mark in terms of income as the City Treasury reported a gross revenue of P1,0666,672,325.15 for the fiscal year 2007. Of the total revenue, P933,743,599.70 is allocated for the General Fund, while P132,928,725.45 was intended for the Special Education fund.
The 2007 income represented a modest 6.89% increase from the P997,875,637.01 total income generated in 2006. The increase is almost double the income P625,180,794.88 the local government unit generated in 2004, the year that Santa Rosa was converted into a city.
According to the City Treasury, 42% or P446,373,449.37 of the total revenue collection came from business license tax. Among the top business tax payers for 2007 were Toyota Motor Phils. Corp., Honda Cars Phils., Inc., Ford Group Phils., Panasonic Industrial Asia PTE Ltd., Phil. Branch, Monde Nissin Corp., Nissan Motor Phils., Metro Manila Shopping Mecca Corp., Supervalue Inc., San Miguel Foods, Inc., and SM Prime Holdings, Inc.
Real property tax collection, on the other hand, totaled P272,477,117.74 or 26% of the total annual collection. The top real property tax payers were Coca-Cola Bottlers Phils., Inc., Pilipinas Nissan, Inc., Toyota Motor Phils., Inc., Monde Nissin Corp., Aichi Forging Co. of Asia, Inc., SM Prime Holdings, Inc., Honda Cars, Phils. Inc., Amtrust Holdings, Inc., Panasonic Manufacturing Phil. Corp., and Greenfield Development Corp.
The remaining collection came from the Internal Revenue Allotment (IRA) which amounted to P248,893,123.00 (23%) and other sources which totaled P98,928,635.04 (9%).
City Treasurer Laura Sy attributed the revenue increase to the diligence of the City Business and Licensing Office (BPLO) and the City Assessor’s Office. She also cited the cooperation of the businesses and real property owners in paying their dues to the City Government.
Mayor Arlene Arcillas-Nazareno, meanwhile, is optimistic that the steady increase in the City’s revenue will be a continuing trend. She said that with the implementation of the Local Government Finance and Development Project or Logofind, revenue collection will be more efficient which will result in better social services and infrastructure for the city’s 266,943 population.
Santa Rosa City is the fastest rising investment center in South Luzon with three large-scale PEZA accredited economic zones. It is now the center of the country’s automotive industry and is host to the assembly plants of four car manufacturers. The City is also projected to be among the major ICT hub in the country with major players, in the business process outsource industry, including Teletec and Convergys, opting to relocate in the city.
World class master-planned communities such as Greenfield City, Nuvali of the Ayala Group and Eton City of the Lucio Tan Group are currently under development and are expected to attract more investors. (STA. ROSA CIO)
The 2007 income represented a modest 6.89% increase from the P997,875,637.01 total income generated in 2006. The increase is almost double the income P625,180,794.88 the local government unit generated in 2004, the year that Santa Rosa was converted into a city.
According to the City Treasury, 42% or P446,373,449.37 of the total revenue collection came from business license tax. Among the top business tax payers for 2007 were Toyota Motor Phils. Corp., Honda Cars Phils., Inc., Ford Group Phils., Panasonic Industrial Asia PTE Ltd., Phil. Branch, Monde Nissin Corp., Nissan Motor Phils., Metro Manila Shopping Mecca Corp., Supervalue Inc., San Miguel Foods, Inc., and SM Prime Holdings, Inc.
Real property tax collection, on the other hand, totaled P272,477,117.74 or 26% of the total annual collection. The top real property tax payers were Coca-Cola Bottlers Phils., Inc., Pilipinas Nissan, Inc., Toyota Motor Phils., Inc., Monde Nissin Corp., Aichi Forging Co. of Asia, Inc., SM Prime Holdings, Inc., Honda Cars, Phils. Inc., Amtrust Holdings, Inc., Panasonic Manufacturing Phil. Corp., and Greenfield Development Corp.
The remaining collection came from the Internal Revenue Allotment (IRA) which amounted to P248,893,123.00 (23%) and other sources which totaled P98,928,635.04 (9%).
City Treasurer Laura Sy attributed the revenue increase to the diligence of the City Business and Licensing Office (BPLO) and the City Assessor’s Office. She also cited the cooperation of the businesses and real property owners in paying their dues to the City Government.
Mayor Arlene Arcillas-Nazareno, meanwhile, is optimistic that the steady increase in the City’s revenue will be a continuing trend. She said that with the implementation of the Local Government Finance and Development Project or Logofind, revenue collection will be more efficient which will result in better social services and infrastructure for the city’s 266,943 population.
Santa Rosa City is the fastest rising investment center in South Luzon with three large-scale PEZA accredited economic zones. It is now the center of the country’s automotive industry and is host to the assembly plants of four car manufacturers. The City is also projected to be among the major ICT hub in the country with major players, in the business process outsource industry, including Teletec and Convergys, opting to relocate in the city.
World class master-planned communities such as Greenfield City, Nuvali of the Ayala Group and Eton City of the Lucio Tan Group are currently under development and are expected to attract more investors. (STA. ROSA CIO)
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