The Bureau of Local Government Finance (BLGF) named on Wednesday, Dec. 1, Caloocan City as the third best performing local government unit in Metro Manila in the Collection Efficiency of Locally Sourced Revenues (LSR) based on the Local Revenue Generation for Fiscal Year 2020.
“Sa kabila ng pandemya, ang mga buwis ay maayos na nakolekta sa lungsod ng Caloocan at naipasok sa kaban ng bayan. Nagbayad ang mga negosyante sapagkat may tiwala sila sa lokal na pamahalaan at maging sa ekonomiya ng lungsod (Despite the pandemic, taxes were properly collected in Caloocan City and placed into the treasury. Businessmen paid because they trusted the local government and even the city’s economy),” Mayor Oscar “Oca” Malapitan said.
The recognition was given to Caloocan City after it recorded a 123.1-percent collection efficiency and reached P3,090.75 million in LSR, which exceeded its P2,510.57 million target.
The LSR is the total collected real property tax, local business tax, professional and community taxes, regulatory fees, other service charges, and receipts from government economic enterprises.
Malapitan said that the recognition is proof that the city has a proper, honest, and efficient tax collection system.
He added that the directive to the city government is to ensure proper tax collection, its allocation to the programs and projects, and usage for the benefit of the citizens.