Business booms in Maasin City, local chief executive says

MAASIN CITY, Southern Leyte, Feb. 18 (PIA) – In 2013, business establishments kept increasing in Maasin City, Mayor Maloney Samaco informed during his 7th State of the City Address (SOCA), February 17, 2014 at the city gymnasium.

Addressing the audience composed of city officials and employees, students, non-government organization heads and representatives, the media, among the public, Mayor Samaco said that the rise “is evidenced by the increase in business tax collections that we had last year.”

In 2012, business taxes collected amounted to P16,570,249.31 and in 2013, it surged to P23,571,941.46. The increase was noted at P7,001,692.15 or 41%, he said.

On the other hand, the real property tax collection increased by P1,032,882.28 or 11% and fees and other charges collections increased by P1,185,708.86 or 15%, while economic enterprises yielded an increase of P638,916.51% or 3%, the report said.

The city mayor added that the city government yielded total income of P62,997,166.66 or an improvement of P9,859,199.80 or a 18% increase.

“The rise in tax collections is attributed to the consumers from other cities and towns coming to Maasin City,” he revealed, adding that the city is also embarking on an aggressive tax campaign in all barangays, resulting to close 10 delinquent business establishments who did not heed the call for the settlement of their obligations.

Samaco stated that the demand for more consumer products in Maasin kept growing since more and more buyers from Leyte and Southern Leyte trooped to the city. “We need to invite more department stores to open in Maasin City to answer the inflating needs of customers,” he added.

As of December 31, 2012, the total assessed value taxable for real properties is P606,016,610, while as of June 30, 2013, the real property tax assessed value amounted to P676,757,620 – for an increase of P70,741,010 or 11.67% increase, he further said.

“That’s how valuable the land, buildings, and machineries in Maasin City are,” the city mayor proudly said.

The 7th State of the City Address finished at 1 hour and 22 minutes with 83 applauses from the audience. (PIA8-SoLeyte)

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