Unformatted text preview: ts operations accumulate losses.
Despite commerce and services being the two major sectors of the City, the revenue
from public markets have failed to generate a surplus. This is largely due to noncomprehensive and inconsistent assessment, collection and management of the market fees
structure for different market sites in the City. The City Government needs to
market fee structure and reduce arbitrariness in its implementation. justify its 6. CONCLUSIONS This chapter concludes by briefly summarizing the key findings and
recommendations for improving revenue generation for Olongapo City. It also highlights
some key issues of fiscal decentralization that play out in the study at the local and national
level. I conclude the chapter by posing a number of research questions that need to be
answered in order to prepare more comprehensive and conclusive local tax reform
recommendations. Main Findings
From the existing economic sector and tax base, business tax and property tax will
remain major sources of tax revenue for Olongapo City. Increasing revenues w...
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- Winter '13