CITY OF SAN FERNANDO – Political and business leaders in Pampanga have closed ranks again a Department of Finance (DOF) circular enforcing as much as 500 percent increase in the zonal valuation of lands in Pampanga, decrying this as “excessive, oppressive and exorbitant”.
The leaders issued a resolution citing “public outrage” over the DOF move, even as it pushed “a five-year suspension in the increase in zonal valuation of land in Pampanga.”
The resolution noted that the DOF’s new land valuation scheme is “500 percent higher than the current zonal valuation for land in Central Luzon.”
“The new valuation scheme mandated by the DOF circular was arrived at summarily without proper consultation with the affected stakeholders from both the private and government sector,” the resolution said.
The signatories in the resolution included Pampanga Mayor’s League president Dennis Pineda, Clark Locators and Investors Association president Jeannie del Rosario, Greater Clark Visitors Bureau Inc. chair Carmen McTavish, Association of Business Chambers in Central Luzon president Francisco Villanueva Jr., Advocacy for the Development of Central Luzon chair Renato Tayag, Fil-Chinese Chamber of Commerce and Industry –Angeles president Freddie So, Metro Angeles Chamber of Commerce and Industry president Marc Nepomuceno, Mabalacat Mayor Marino Morales, and Pampanga 1st district Rep. Carmelo Lazatin.
Their resolution reminded the DOF of the “declared policy of the current administration to promote the accelerated development of low-cost housing to address the growing housing backlog in Pampanga.”
It stressed that the new DOF circular would set back low cost housing in Pampanga as it would raise the cost of land and thus make housing projects unaffordable to the ordinary employees.
It also warned that the new DOF imposition “will adversely affect the global competitiveness of the province and will run counter” to the government’s efforts to fully rehabilitate the province from the devastating effects of the eruption of Mt. Pinatubo.
Addressing the DOF in Central Luzon, the resolution sought suspension of any increase in zonal valuation in Pampanga for at least five years “pending the determination of a reasonable increase through proper due process and in consultation with stakeholders”.
The leaders issued a resolution citing “public outrage” over the DOF move, even as it pushed “a five-year suspension in the increase in zonal valuation of land in Pampanga.”
The resolution noted that the DOF’s new land valuation scheme is “500 percent higher than the current zonal valuation for land in Central Luzon.”
“The new valuation scheme mandated by the DOF circular was arrived at summarily without proper consultation with the affected stakeholders from both the private and government sector,” the resolution said.
The signatories in the resolution included Pampanga Mayor’s League president Dennis Pineda, Clark Locators and Investors Association president Jeannie del Rosario, Greater Clark Visitors Bureau Inc. chair Carmen McTavish, Association of Business Chambers in Central Luzon president Francisco Villanueva Jr., Advocacy for the Development of Central Luzon chair Renato Tayag, Fil-Chinese Chamber of Commerce and Industry –Angeles president Freddie So, Metro Angeles Chamber of Commerce and Industry president Marc Nepomuceno, Mabalacat Mayor Marino Morales, and Pampanga 1st district Rep. Carmelo Lazatin.
Their resolution reminded the DOF of the “declared policy of the current administration to promote the accelerated development of low-cost housing to address the growing housing backlog in Pampanga.”
It stressed that the new DOF circular would set back low cost housing in Pampanga as it would raise the cost of land and thus make housing projects unaffordable to the ordinary employees.
It also warned that the new DOF imposition “will adversely affect the global competitiveness of the province and will run counter” to the government’s efforts to fully rehabilitate the province from the devastating effects of the eruption of Mt. Pinatubo.
Addressing the DOF in Central Luzon, the resolution sought suspension of any increase in zonal valuation in Pampanga for at least five years “pending the determination of a reasonable increase through proper due process and in consultation with stakeholders”.
