SunStar Publishing Inc.
This highly urbanized city is on its way to achieving PHP1.7 billion in local revenues for 2024, from only PHP1.449 billion last year, as a result of increased collection efficiency, Mayor Alfredo Abelardo Benitez said in his State of the City Address Wednesday night. Noting the high investor confidence in Bacolod due to the city’s efforts to ease doing business, Benitez said new businesses relocating here means more revenues for the city government and more jobs for Bacolodnons.
The amount is PHP500 million higher than the collection in 2019, he added. In 2019, the city’s total revenues reached PHP1.009 billion, which dipped to only PHP956.117 million in 2020 and PHP940.355 million in 2021 due to the global health crisis. The collection totaled PHP1.137 billion in 2022, indicating a recovery, increasing further to PHP1.449 billion in 2023.
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