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Muntinlupa hailed as PH’s 10th richest city for 2020

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With stellar leadership, Mayor Jaime Fresnedi was able to steer Muntinlupa to become the 10th richest city in the country for 2020.

According to a report released by the DOF Bureau of Local Government Finance (BLGF), Muntinlupa City earned P4.267 billion for its nominal locally sourced revenues (LSR) last year.

The report ranked the top 10 provinces, cities, and municipalities based on their performances in the following areas: nominal LSR, collection efficiency of LSR, and year-on-year growth in LSR.

The DOF computed the LSR as the sum of Real Property Tax (Basic and SEF), Local Business Tax, Fees and Charges, and Receipts from Economic Enterprises.

In the city category for nominal LSR, Quezon City was adjudged Rank 1 with the highest nominal locally sourced revenue in 2020 with P21.8 billion, followed by Makati with P15 billion; Manila, P11 billion; Taguig, P10.3 billion; Pasig City, P9.5 billion; Parañaque, P6.3 billion; Pasay, P5.5 billion; Davao, 5.4 billion; and Mandaluyong, P4.7 billion.