Marikina City is one of those “kulelat” when it comes to the so-called “Annual Revenue Income (ARI) Growth” or annual growth of local government income in 2023, according to a new report released by the Department of Finance Bureau of Local Government Finance (DOF-BLGF).
Marcy Teodoro is the current mayor of Marikina, who took office in 2016 and is serving his final term.
Marikina with P1.58 billion, ranks 14th in revenue collection among the 17 local government units (LGUs) in Metro Manila, just ahead of well-known undeveloped communities like Malabon with P1.23 billion, which ranks 15th, Navotas with P1.0 billion, which ranks 16th, and Pateros P0.2 billion, which ranks 17th and last.
According to the DOF-BLGF, Quezon City led all cities with an ARI of P27.41 billion last year, followed by Makati (P19.36 billion), Taguig (P13.54 billion), Pasig (P13.13 billion), and Manila (P12.43 billion).
Meanwhile, the following cities in the National Capital Region (NCR) received nine-figure or billion ARI: Parañaque (P7.9 billion), Pasay (P7.35 billion), Mandaluyong (P5.76 billion), Muntinlupa (P4.63 billion), and Caloocan (P4.09 billion).
The report emphasised that, while Pateros has the lowest revenue, it outperformed all LGUs in the NCR in revenue last year, with a 65% revenue rise.
Marikina City experienced the slowest revenue growth (7%). AL
