Lipa City retained its billionaire city status since 2013 but 2014 income slid down by almost 8 million pesos from previous year according to Commission on Audit's Annual Audit Report for 2014.
Lipa City's Assets has increased by almost 133 million pesos to a total of more than 2 billion pesos in year 2014 while Liabilities has increased by more than 106 million for a total of almost 548 million at the end of last year. Meanwhile, City's Expenses has been reduced by almost 18 million pesos last year to a total of 1.06 billion pesos.
According to CALABARZON AAR 2014, every cities had their increase in Income except Lipa and Tagaytay while data for Binan, San Pablo, and Lucena are not yet available as of this time. Our neighboring city of Tanauan is the newest addition to the billionaire cities of CALABARZON with an impressive increase of more than 136 million pesos which is twice higher than Batangas City's increase.
Will Lipa remain 2nd to Batangas City in terms of Income from taxes or Tanauan will overcome Lipa by the end of 2015?
source: http://coa.gov.ph/index.php/local-government-units/2014/category/5388-batangas
No comments:
Post a Comment