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Unformatted text preview: al gross income to be taxed cannot be estimated. If the city can increase its collection
rate to 60 percent, which is the average for RPT in Philippines, the city would realize a 60
percent increase in its actual collections. The need to augment business tax assessment for
Olongapo, which is a trade center cannot be stressed enough to realize the City's tax
potential. In light of limited resources and expertise, it is suggested that the City co-ordinate
its activities and collaborate with the appropriate national offices to improve assessment, and
with the barangays to increase tax base coverage and to process delinquent owners swiftly in order to increase tax revenues. In the long run the City should assess implementation of
Code and petition the Decentralization Commission for required change that would improve
its performance. 5. REVENUE GENERATION VIA PUBLIC ENTERPRISES The City of Olongapo runs three public enterprises: the Public Utilities Department
(PUD), which distributes the city's electricity; the Environment and Sanitation Management
Office (ESMO), which collects the city's garbage; and the city Public Markets. Underlying
public enterprise is the concept of cost recovery although, as mentioned earlier the
enterprises in Olongapo have faced sizeable defic...
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This document was uploaded on 01/27/2014.
- Winter '13