Bizmen firm in not paying RPT hike-A A +A
Friday, July 18, 2014
BUSINESSMEN coming from eight organizations in Iloilo City and other property owners are steadfast in their early decision not to accept and pay the increases on real property taxes (RPT).
“We have confidence in your leadership and the wisdom to foresee the greater benefits of an investor-friendly business climate where people have jobs and quality of life. All the business groups have worked alongside with you these past years to fulfill the people vision of Iloilo and we hope we can still count on your support to keep the city’s cost of doing business down,” Ma. Lea Victoria Lara of the Iloilo Business Club (IBC) said in her letter dated July 18, 2014 to City Mayor Jed Patrick Mabilog.
The IBC pointed out the need of the city to invest public funds in the programs that keep cost of business competitive and need to improve revenue generating services in order to increase the tax base.
A huge tax base means more jobs, Lara said.
Mabilog, who led his financial team in the public hearing and consultation on Friday, July 18, explained the mandatory RPT increase every three years as provided in the local government code and other national laws. However, businessmen continue to question the scheduled RPT hike due to some calamities that affect the property owners.
Mabilog justified the need for more city revenues as RPT money will go to the right services.
The city mayor said there is a need to regulate the growth of housing subdivisions to comply with national and local laws.
Councilor Plaridel Nava of the committee on ways and means said the businessmen are amenable to submit their position paper to the committee without a need for public consultation anymore.
Mabilog said he is giving a leeway to the businessmen to state whatever amount they wanted as RPT increase and they have to submit their counter proposal for a round table discussion with the committee in order to come with a combined final decision on the matter.