Property and business taxes constitute 5 and 3

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Unformatted text preview: and 3 percent of the total revenue, which is much below average (1981 - 1993) for Philippines at 25 and 2015 percent respectively. Table 3.4 Growth of Property and Business Tax, 1989 - 1999 Year 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 Business tax (in million pesos) Property tax (in million pesos) 1991 Growth Real 1991 Growth Real Constant Rate Constant Rate 4.94 8.8 8.27 6.98 3.75 4.3 7.42 9.96 17.51 15.89 -22% -50% 1% 56% 19% 58% -27% n.a n.a 8.27 6.44 3.21 3.24 5.05 5.99 9.47 6.96 12.59 13.85 13.95 11.84 7.91 7.68 9.68 14.69 17.95 19.61 -22% -38% -14% 14% 34% 10% -12% 21.36 n.a 20.93 1999 Source: Data compiled and calculated from: Olongapo City Budget Summary 1999 Notes: Constant values at 1991 prices, calculated from annual inflation rates (NSO) n.a n.a 13.95 10.92 6.76 5.79 6.58 8.83 9.71 8.9 n.a Some basic comparison with other cities in the Philippines highlights some strengths and weakness of Olongapo City. Compared to six other CDS project cities, Olongapo raised lower per capita property and business tax than four of the seven-chartered cities in Table 3.5 in 1997. Though its per capita total revenue show...
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This document was uploaded on 01/27/2014.

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