{"id":19147,"date":"2012-06-01T04:46:18","date_gmt":"2012-06-01T04:46:18","guid":{"rendered":"http:\/\/www.clearwaterphilippines.com\/wordpress\/?p=19147"},"modified":"2012-06-01T04:46:18","modified_gmt":"2012-06-01T04:46:18","slug":"mayors-want-portability-vs-reduced-ira","status":"publish","type":"post","link":"http:\/\/www.clearwaterphilippines.com\/resort\/2012\/06\/mayors-want-portability-vs-reduced-ira\/","title":{"rendered":"Mayors want portability vs reduced IRA"},"content":{"rendered":"

CITY OF SAN FERNANDO — Mayor Oscar Rodriguez and Angeles City Mayor Edgardo Pamintuan are pushing to have the Internal Revenue Allotment (IRA) portability for towns being converted to cities.
\nThis move is to cushion the effect of reduced IRA shares of the 117 member cities of the League of Cities of the Philippines (LCP).
\nRodriguez told Sun.Star Pampanga that portability of municipal IRAs will greatly help and address the worries of LCP cities on the reduction of revenue allotment shares.
\n\u201cAllowing municipalities up for cityhood to bring along their municipal IRA allocation will mitigate the huge cost of conversion,\u201d Rodriguez said, meaning the effect on the current IRA sharing will not be very adverse.
\nLCP records reveal that the additional 57 cities converted since 1991, for example, represents an opportunity cost of P238 million for each of the 60 original cities.
\nMayor Pamintuan said an approach to the portability of IRA would be to assign a fixed municipal IRA share that will be automatically transferred to the cities\u2019 total IRA for every approved conversion.
\nPamintuan said the cities depend on the IRA to push for respective development plans.
\nHowever, Pamintuan said local measures should also be used by city mayors in ensuring fiscal stability and bringing more income to their respective cities.
\n\u201cGovernment has lots of money available and what better way to use it but to allocate it for better IRA share for municipalities and cities,\u201d Pamintuan said.
\nHe said a more realistic sharing based on current demographics is necessary for cities to meet their target development plans. An average LCP city today supports between 34-43 percent of their population in contrast with the 23 percent share.
\nMeanwhile, Rodriguez said legislators should ensure that the standards for converting towns to cities should be upheld as paramount importance to ensure conversions are within lawful standards.
\nhttp:\/\/www.sunstar.com.ph\/pampanga\/local-news\/2012\/05\/31\/mayors-want-portability-vs-reduced-ira-224477<\/p>\n

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Clearwater Resort and Country Club, Clark Pampanga <\/strong>
\nCreekside Road near Centennial Expo,
\nClark Freeport, Pampanga Philippines 2023
\n(045) 889-5151 0917-520-4403 0922-870-5177
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\"\"<\/a>

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