THE Senate has ratified the proposed Automatic Income Classification for Local Government Units (LGUs), which aims to institutionalize an income classification system for...
THE Senate has ratified the proposed Automatic Income Classification for Local Government Units , which aims to institutionalize an income classification system for provinces, cities and municipalities that accurately reflects their current financial capabilities
Income classification of LGUs is one of the priority bills of the administration of President Ferdinand “Bongbong” Marcos Jr. “With the proposed adjustment of income thresholds under the Senate version, only five municipalities will remain under the sixth income classification, while no city or province will fall under the said category, thus rendering the sixth income classification irrelevant,” Ejercito said during the bicameral conference committee session on Tuesday, August 29.*Second Class are provinces with yearly income between P900 million and P1.
In the bid to strengthen the power and authority of the LGUs to streamline their departments and organizational structure, LGUs were allowed under the proposed measure to fully adopt the salary schedule set in the law, and only subject to the personal services or PS limitation under Republic Act No. 7160 or the Local Government Code of 1991.
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