Oct 14-20, 2010
Cee O: “It has been expected”
By Cha Monforte
Close to indeed becoming a member of the elite club of billionaire local governments in the country, the Tagum City government has broken an unprecedented record of having budget for fiscal year 2011 greater than the respective budgets of the provincial governments of Davao del Norte and Compostela Valley provinces.
City budget officer Dean Briz bared in an interview that for next year the annual budget of Tagum City government reached a total of P815,427,900.
The amount is over P29.3-million greater than the P786,110,100 annual budget of Davao del Norte provincial government and about P60.5 million greater than the P754,941,937 annual budget of Compostela Valley provincial government for the same year.
Local government executive departments are currently wrapping up and proposing their executive budgets for approval to local sanggunians.
Local executive budgets are usually based on the incomes of the local government projected until December and drawn from Internal Revenue Allotment and local income sources.
“This is due to host of factors such as our vigorous efforts from the revision of our revenue code which caused for the sudden shooting up of our RPT (real property tax) collections, incomes generated out of our economic enterprises and the continued growing of economic activities of Tagum,” Briz said.
He said that the city’s revenue code revised two years ago to be attuned with realistic levels of valuation and market and business considerations is continuously paying off in boosting the city’s income.
With the expected topping of Tagum City in terms of budget and income for the next fiscal year of 2011, Tagum City Mayor Rey “Chiong Oy” Uy becomes the most budget-powerful chief executive all throughout the sister provinces of Davao del Norte and Compostela Valley.
Asked about it, Mayor Uy, who is in Manila at presstime, said in text message that city’s budget for 2011 has been all expected because of robust local income sources derived from RPT, economic enterprises and business taxes.
Earlier, city treasurer Edgar de Guzman said that it would take about two to three years more for the city government to hit a P1-billion income mark.
City budget and treasury officials said that with the mayor’s local income thrust the city government has been generating since the recent years accelerating income levels characterized by the higher rates of increases in the local incomes greater than the rates of increases of the Internal Revenue Allotment (IRA) that is dependent on the budgetary formulation and decision of the Manila’s central government through the Dept. of Budget and Management. (Rural Urban News/Cha Monforte)
Filed under: comval budget, davao del norte budget, comval budget, davao del norte budget
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