Town Mayor for a Day Imagine that you are the town mayor of a city. You received a P20,000,000 grant from the federal government to help support certain public services. Congress has recently voted to reduce this funding to P10,000,000 next year. One of your primary goals as town mayor is to avoid cutting services. Together, you and several city council members have proposed various ways to raise additional revenue. Some have proposed increasing property taxes. Others want to increase the local sales from 1 percent to 2 percent. Another proposal is to charge individual income taxes at a flat rate of 2 percent. How will you each proposal affect the taxpayers of town city.

Question As a Town Mayor, what is the best option or proposal you are going to pursue in order to sustain funds to avoid cutting public services? Explain thoroughly.