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October 14, 2003 |
 LIPA CITY – DBP, through the Lipa Branch, granted a P16 million term loan to the Lipa City local government to finance the upgrading, upsizing and migration of its computerized Real Property Tax Administration (RPTA) last September 24 at the Club Malarayat, Lipa City. The computerization project will be undertaken by the Bank’s subsidiary company, the DBP Data Center, Inc., in partnership with Amellar Corporation.
This term loan assistance is in addition to the 10-year term loan amounting to P136 million that the Bank granted in 1999 for the construction of the Lipa City Public Market and renovation of the City’s Slaughter House.
The computerized RPTA project is expected to build up Lipa City’s capability to increase and sustain its locally generated revenues by helping in identifying non-payments and delinquencies or deficiencies in paying of property taxes. It will enable the city government to provide faster, convenient and quality service and ensure more accurate and readily available records. It will also facilitate the flow of information from the front line personnel to the top management, improve internal processes and procedures, as well as promote transparency in government transactions.
Lipa City Mayor Vilma Santos-Recto said that the partnership with DBP brings to focus how serious the local government is in simplifying the assessment and collection of the city’s property tax. “Consequently, this project lessens the burden on our taxpayers and at the same time, raises our local revenues to enable us to finance more improvement in the delivery of basic services to our constituents, particularly in the education and health services,” she said.
President Simon Paterno, on the other hand, expressed appreciation for Lipa City’s initiative in applying “21st century solutions to age old problems.” “We in DBP are very happy because this project means that we can do more in providing efficiency and transparency in our services to people,” he said. “This also gives our government a more efficient 21st century face so that our people know that we are moving forward.”
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