Binay said the city has achieved 72% of its full-year revenue target of about P17.84 billion in the first quarter after its total collection reached P12,925,503,905.76 as of the end of March.
“By all indications, Makati is well on its way to full recovery from the pandemic. Once again, we are seeing double-digit growth in our total revenue collection as brisk business in the city attracts more new investors, while driving current businesses to expand,” she said in a press release.
“We are heartened by the remarkable results of reforms and innovations we have done to make our systems and processes more efficient, transparent, and sustainable. We thank the business community, property owners, and all Makatizens for supporting our initiatives and putting their trust in the city leadership,” she said. A report from City Treasurer Jesusa Cuneta stated that business tax collection increased by 33% or a total of P7.07 billion as of end-March compared to the P5.
Binay said she is expecting more positive outcomes amid the ongoing efforts of her governance "to effect digital transformation in local governance and public service in Makati City." “With great optimism and confidence, we are forging ahead with Makati’s digital transformation. We believe it is indispensable to our successful transition to a veritable smart city – climate resilient, sustainable both economically and ecologically, and genuinely inclusive,” she said.
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