Pasig LGU raises revenue without imposing additional taxes
Published Oct 14, 2025 01:55 pm
Pasig City Mayor Vico Sotto delivers his 2025 State of the City Address (SOCA) on Oct. 13. (Photo from Councilor Paul Senogat)
With good governance, Pasig City Mayor Vico Sotto has shown that it is possible to raise locally sourced revenue without burdening residents with higher taxes.
Pasig City Mayor Vico Sotto delivers his 2025 State of the City Address (SOCA) on Oct. 13. (Photo from Councilor Paul Senogat)
“Naniniwala ako na pagkatapos ng 9 na taon, isa sa malaking accomplishment natin ay napataas natin ang locally sourced revenue nang HINDI kinailangan magtaas ng anumang LGU taxes (I believe that after nine years, one of our major accomplishments is raising locally sourced revenue (revenue generated by the LGU itself) without having to increase any local government taxes),” the mayor said.
During his State of the City Address (SOCA) on Monday, Oct. 13, Sotto stated, “2024, we once again achieved significant financial growth. Total operating income po natin nasa P17.2 billion, reflecting a 10.96, almost 11 percent growth.”
He noted that the city ranks second among the top 10 cities in the “Ratio of Locally Sourced Revenue to Total Current Operating Income,” recognized by the Department of Finance–Bureau of Local Government Finance (DOF-BLGF), with a ratio of 84.7 percent, which means only 15.3 percent of its funds come from national or external sources.
“Nagawa po natin ito nang hindi tayo nagtataas ng kahit one percent sa mga buwis po sa lokal na pamahalaan (We were able to achieve this without increasing local government taxes by even one percent). We did not raise the rates of business taxes, and we did not raise the rates of real property taxes,” Sotto emphasized.
In fact, he said they even lowered some other charges, such as market vendor rents and franchise fees for the Tricycle Operators and Drivers’ Association (TODA).
Sotto vowed that he will continue not to increase the real property tax (RPT) or business tax.
“I would like to take this opportunity today to commit once again to the people of Pasig, hindi pa rin po tayo magtataas ng RPT or business tax (We will still not increase the real property tax or business tax),” he said.
He noted that if the Schedule of Market Values goes up due to RPVARA (RA 12001), they can lower their assessment levels so that actual real property taxes paid remain the same.