CAGAYAN DE ORO CITY (MindaNews/07 February) – City Hall today announced an 8.27-percent increase in its 2010 income which translates into P1.82-billion pesos, an amount which is P149-million higher than its 2009 income.
Mayor Vicente Y. Emano attributed the increase to a stable economy and vibrant business climate.
City Treasurer Lino D. Daral however said that the city’s share from the Internal Revenue Allotment (IRA) accounted for the biggest bulk of the annual income with P840.7 million while revenues generated from local business taxes reached P323.9 million.
Collections from other fees, taxes and charges followed next with P203.8 million; real property taxes-basic P163.7 million and real property taxes-additional 1% Special Education Fund P138.4 million.
The other major sources of local revenues were real property taxes basic (30% barangay share), P70.2 million; income from public markets, P50.8 million; eastbound-westbound terminal and public market, P12.3 million; and slaughterhouse, P2.99 million.
In 2010, the city government collected P16.4 million from amusement tax (P12.09 million); tax on mining (P2.84 million); and tax on sand and gravel and other quarry products (P1.51 million).
The city also received last year national share from the PCSO-Lotto income amounting to P6.98 million.
As a result of the examination and audit of books of account of business operators, the city earned P6.39 million in deficiency taxes, aside from the verification of 16,348 business establishments that generated P2.35 million.
As part of its intensified tax inspection and tax mapping activities in 62 urban and rural barangays, the City Treasurer’s Office issued 5,123 demand letters to business establishments with no mayor’s permits.
In 2008, Cagayan de Oro ranked third among the cities in Mindanao in terms of income with P1,452,191. Davao City topped the list with P3,279,863 followed by Zamboanga City with P2,004,040.
In the same year, Cagayan de Oro placed 15th nationwide. Davao City ranked fifth and Zamboanga City eleventh.
Emano meanwhile said that among the projects that are set to start in the city are three flyovers and the P700-million state-of-the-art solid waste management–power plant facility to be put up in Barangay Pagatpat by an American company.
Garbage collection efficiency is being worked on in the city as the solid waste management facility will need a minimum of 100 tons of garbage per day. City Hall had privatized the city’s garbage collection.
Data from the General Services Division revealed that the dumpsite in Upper Dagong in Barangay Carmen receives an average of 77 tons of trash a day.
The planned solid waste management cum power plant will require a minimum of three years to construct. (BenCyrus G. Ellorin/MindaNews)