Cebu City collects P7.3-B taxes in 2020

The city government of Cebu collected a total of 7.35 billion pesos in taxes in 2020 despite the pandemic.

This was disclosed by City Mayor Edgardo Labella in a press conference at the City Hall after weeks of working from home.

Labella said the 2020 tax take is just over half the 14 billion pesos collected in 2019.

However, he noted that the 6 billion pesos collected in 2019 was from the consigned lot sales at the South Road Properties, a reclaimed coastal area in the city’s south district.

Despite the lower tax collection last year, the mayor expressed his optimism for this year’s tax take as the economy slowly recovers from the effects of Covid-19.

Labella noted that Cebu City was among the local government units in the country that had posted a high locally sourced revenue.

He recognized the City Treasurer’s Office for the good collection performance in 2020 despite the economic challenges brought about by the pandemic.

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