06 1995 1997 137606 26648 26648 34 179754 216095 54

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Unformatted text preview: 06 266.48 266.48 ($34) 179754 2160.95 ($54) 187614 3008.09 1991 ($34) 1469.45 ($36) 1627.38 ($7) 127.5 ($3) 251.42 ($7) 86.7 ($6) ($41) ($75) Source: City Budget Summary 1998 National Average tax data from Manasan (1995); $1 = 40 Pesos 180.28 ($5) ($2) 192.75 ($5) Not 129.23 $3) available Figure 3.4 Growth of Various Sources of Revenue Revenue Growth at1991 ConstantPrices from DifferntSources 1 s0 10Io. so -- -- 1991 Consta nt IRA -- - - 1991 Con sta ntTa x - - l -- 1991 Con sta nt Non-tax Source: Compiled and Calculated with data from Olongapo Budget Office 3.3 Property Tax and Business Tax Revenue Examining property and business tax revenue in Table 3.4, there was generally a decline in total revenue generated from 1991 to 1994. Although there was a substantial increase after 1995 in the amount of revenue generated in real pesos, property tax and business tax took a 16 percent and a 38 percent decline respectively, at 1991 constant price from 1991 to 1998. Property and business taxes constitute 5...
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This document was uploaded on 01/27/2014.

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