Despite the pandemic which started last year, Lipa generated a Total Income of 2.3B pesos which is 182.8M higher than 2019 as per COA. Total Assets of the city also grew by almost 213M which is now at 5.2B while Liabilities has decreased by 287.2M from 2019. Total expenses has increased by 175.3M for a total of 1.8B last year.
Lipa is approximately at #10 among cities of CALABARZON with highest revenue where Antipolo, Calamba, Batangas City, Dasmarinas and Sta Rosa are usually on top. Seven more cities are not yet reflecting in the audit which includes Sta Rosa and Calamba.
For details of the audit by COA: https://www.coa.gov.ph/.../2020/category/9154-batangas
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