BACOLOD City Mayor Evelio Leonardia expressed optimism on what he described as overwhelming land tax payments on the final week of 2017.
The City Treasurer’s Office-Land Tax Division collected a total of P177 million in real property taxes from December 26 to 31, 2017.
“We believe that we have restored the business confidence and all the more we have tax payers cooperating, all the more will be given opportunities to have more projects and programs for the people of Bacolod,” the mayor said.
Arlene Memoria, local treasury operations officer, said that on December 29, they collected P60 million, which is the biggest single-day collection for the first time.
On December 31, they collected P42 million; December 26, P33 million; December 28, P20 million; December 30, P13 million; and December 27, P9 million.
Memoria said these collections are advance payment for 2018.
“This is an overwhelming land tax payment, a very positive indicator that business confidence is now restored,” Leonardia said.
“I would like to thank the public for their cooperation in our thrust of making Bacolod more business-friendly.”