Under RA 11964, provinces, cities and municipalities shall be categorized into five classes according to their income ranges and average annual regular income for three fiscal years preceding a general income reclassification.
The LGU income classification will serve as the basis for the identification of administrative and statutory aids, financial grants and other forms of assistance to LGUs, determination of LGU capability to undertake development programs and projects, total annual supplemental appropriation for personal services of an LGU and for compensation adjustment for LGUs personnel, pursuant to the Salary Standardization Law of 2019, according to a statement released by the Presidential Communications...
The first general income reclassification shall be made within six months after effectivity of the law and every three years thereafter. “It will finally address the classification of LGUs as many are classified as first class. There will be correct grading on the LGUs. It will benefit all as the law fixes the system. At present, if you are classified as first class, your salary structure is for first class but in reality, the LGU is overburdened,” Union of Local Authorities of the Philippines president and Quirino Gov. Dax Cua said in an interview with The STAR.
“Income classification impacts their ability to undertake development projects, access financial grants from various sources and determine the salary of LGU personnel,” Abalos explained.Sleep advocates Heart Evangelista, Saab Magalona, LA Aguinaldo share tips for resting on timePhilippines’ first premium bed cinema to open in Uptown Bonifacio“The morning of October 7th was a very dark hour for humanity. But amongst all the darkness, there is Camille’s...
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Marcos signs law on LGUs’ automatic income classificationPresident Ferdinand “Bongbong” Marcos Jr. has signed into law a bill creating an automatic income classification system for local government units (LGU) — a measure creating a more updated assessment of LGUs' financial capacities 14 years after their last income classification.
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