THE PANAGBENGA 2018 GRAND FLOAT PARADE

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City hall hour tackles city finances

BAGUIO CITY – The city's tax collection is right on target as it has been for years, according to City Treasurer Office-in-charge Ponciano de Jesus.

The pronouncement was given during the City Hall Hour, a program where department heads and councilors discuss timely matters and issues.

According to de Jesus, the city treasurer's office' first quarter report for 2018 shows an over-all collection of P539,329,355.80. This income is from the real property, business tax and all other taxes and is 30% of the total estimate income. The same period last year yielded P515,832,217.50, a difference of P23,498,138.22, he said.

For the whole year of 2017, the total collection is 1,362,741,423.19.

Accordingly, the P2B budget for 2018 comes from the projected income, Internal Revenue Allotment from the national government, Philippine Economic Zone Authority and surplus, which comes from savings and over collection.

A surplus of P230M in 2017 thus is added to P1,709,249,064 for a total of P1,939,249,064.01 for this year's budget.

It is revealed that from the annual budget this year, 20% or P397M is allotted for development projects.

For the month of January 2018; P365,561,652.45 is collected, from real property taxes, BTFD, cash, market, other offices, DPWH, trust fund, Burnham Trust Fund and barangay garbage.

From the same sources, P97,983,040.48 was collected in February, and in March, 75,784,662.87 was added to the city's coffers.

According to Councilors Peter Fianza and Elmer Datuin, there were legal moves for the revision of zonal valuation rates, which would redound to an increase in the city's income, from which more services would be available.

Datuin said a comparison of Baguio with other highly urbanized cities as to population, land area and income through real property and business taxes would definitely show differences. We should be challenged to go through processes in the city council for the valuation as additional income would give us a bigger budget, thus better services, Datuin pointed out. The last revision was in 1999.

A compromise proposal in the council was then agreed upon which tapered the projected income of P700M, then P400M, down to P100M.

More proposals, dialogues, compromises and consultations in the city council are awaited. -juliegfianza

 
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ADVISORY

STATE OF THE CITY ADDRESS 2017

STATEMENT IN REPLY TO THE PUBLISHED OPEN LETTER OF BCDA PRESIDENT and CEO ARNEL PACIANO D. CASANOVA

STATE OF THE CITY ADDRESS
2014

Speech Delivered by Mayor Mauricio G. Domogan during the Cordillera Month Closing Ceremony
July 26 SLU-BC

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STATE OF THE REGION ADDRESS

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