MAKATI HITS P17.8-B REVENUE IN 2018
MAKATI CITY – Makati City Mayor Abigail Binay said the local government’s total revenue collections reached P17.8 billion as of December 31, 2018.
During her 3rd State of the City Address held at the Peninsula Manila, Binay told members of the Rotary Club of Makati that the city’s total revenue collections surpassed its 2018 target by 14 percent.
Citing an initial report from the Office of the City Treasurer, Binay said that Business Tax was the largest source of revenue with P9.1 billion, followed by Realty Tax with nearly P6.2 billion.
“The reforms and innovations we have put in place since I came on board at City Hall have not only earned for us the trust of investors and taxpayers, but also the highest audit rating from the Commission on Audit,” she added.
Last year, the Commission on Audit (COA) rendered an “unqualified opinion’ on the city’s financial statements for fiscal year 2017, a first for Makati City to earn the highest audit rating given by the agency.
The COA has also confirmed Makati City as the country’s richest city with its total assets hitting P196.7 billion, more than double the figure in 2016. It is also the first local government unit (LGU) to supersede the P100-billion mark for assets.
Binay highlighted the milestones achieved by the local government for 2018 that promoted the city’s financial security and resilience, as well as exemplified an efficient, caring and transparent government.
In her report, the city mayor cited steps taken by the city government to make transactions more efficient and convenient for taxpayers, such as creating a Business One-Stop Shop at the ground floor of City Hall Building II, and streamlining the process for business permit renewal and new applications.
Binay also shared innovations in the education sector aimed to “make quality education truly free and accessible to every child and youth in Makati.”
Makati City has provided more freebies to public school students, such as rubber shoes and raingear, hygiene and dental kits, and free educational trips to popular sites, to ease the burden of parents and eliminate any excuse for them not to send their children to school.
She also reported the city’s new digital mammography machine and portable x-ray now available at the Ospital ng Makati, a memorandum of agreement with the Makati Medical Center that has given Yellow Card members access to its most advance
diagnostic tools and specialized health services, and the Baby Makatizen Program that promotes proper prenatal care.
Makati remained rabies-free throughout the previous year due to the city council’s aggressive rabies vaccination that covered over 27,000 pets, while almost 4,000 pets were microchipped.
She unveiled a proposal to provide P10,000 annual cash gift to senior citizens aged 90 to 99 under the Blu Card program, which is yet to be approved by the City Council.
In 2017, more than 53,500 Makatizen Cards were distributed to qualified residents, and the free wifi project has covered 13 barangays.
Makati City was also named Champion City in eGov Digital Finance Empowerment (G2P) at the First Digital Cities Awards, and won the Special Achievement in GIS (SAG) Award 2018 at the 38th Esri User Conference held in California.
RC Makati president Alfredo Pascual commended Binay for “making a difference” in Makati, saying he appreciated the emphasis she has given to health and education. “We need healthy and well-educated people to push our country forward. That is the basis for the progress of the country.”
“I’m glad to find that you use technology to solve issues in the city particularly in the delivery of social services and addressing the headache of business people with respect to ease of doing business with the local government,” she responded.