Sunday, December 6, 2020

Bacolod City Eyes P3-B ‘Breakthrough’ Annual Budget For 2020

Bacolod City Eyes P3-B ‘Breakthrough’ Annual Budget For 2020

Spotlight

Republic Cement Launches Co-Processing Solution Amid PH Waste Management Crisis

Through ecoloop, Republic Cement aims to help address the waste management crisis of the country.

Globe Recreates The Holiday Season With #ChristmasWeLove Live Pop-Up

Join Globe as they celebrate the holiday season with #ChristmasWeLove - a series of live digital pop ups featuring fun activities for your family and friends!

Recreate The Holidays Right At Home Best With Globe At Home Unli Plans

Make your virtual get-togethers possible with Globe At Home UNLI Plans!

SM – Pasay Tech Voc Scholarship Program Launched

With the launch of the SM - Pasay Tech-Voc Scholarship Program, a full tech-voc scholarship will be awarded to 20 students from financially challenged families.

Mayor Evelio Leonardia, is set to submit to the City Council the proposed annual budget of PHP3 billion for 2020.

“This budget proposal manifests our main purpose, which is to lay a resilient foundation for an even greater and more progressive city,” the mayor said in a press conference.

Leonardia called next year’s proposed budget a “breakthrough” as Bacolod has finally breached the PHP3-billion mark, and for the first time, more than half of the budget or 52 percent is sourced from local funds.

“This means, we have broken our very long dependency on the Internal Revenue Allotment (IRA). That shows that our local income had accelerated at a very fast pace, which is an indicator that the economic machinery in Bacolod is moving very fast. We are not just accelerating, we are surging,” he added.

In the proposed budget for 2020, only 48 percent will be sourced from the city’s IRA share.

Moreover, next year’s budget is higher by 19 percent compared to last year’s PHP2.52 billion, one of the highest increases in the city’s budget history.

“Continuous partnership with the City Council, the various city government offices, and the constituents has allowed our budget to reach new heights,” the mayor said.

Leonardia noted that for 2020, his administration’s major thrusts include better traffic management, more aggressive tourism promotions, infrastructure development, and improved administrative efficiency.

Ma. Imelda Williams, city budget officer, said the higher local income can be attributed to the increasing real property taxes and business permit registrations.

As of the second week of October, the city has about 25,000 registered businesses.

Leonardia said this indicates that his administration has created a climate that is “very conducive, very healthy, very fertile” for business to grow.

“That is validated by the increase in our local income,” he added.

Bacolod hit the PHP1-billion annual budget mark in 2008 and nine years later, or in 2017, the city’s budget reached PHP2 billion. (PNA)

Latest News

Workers Reminds Employers Of 13th Month Payment Deadline Is Dec. 24, 2020

Employers nationwide across all industries are obliged to pay the mandatory 13th month pay of their employees on or before its deadline on or before December 24, 2020.

Ilocos Norte Provides Free Shuttle Service For Laoag Workers

Coasters from the provincial government of Ilocos Norte are on standby in major borders of this city on to help ferry essential workers who commute daily to work at the downtown area.

Cha-Cha Cañete Keeps Christmas Alive With New Single “Pasko Pa Rin”

Muling nagbabalik ang Goin’ Bulilit star na si Cha-Cha Cañete with her new Christmas single “Pasko Pa Rin”.

Kira Finds Out About Sam’s Child With Jodi

Catch Ellice and Marissa as they square off in the coming episodes of "Ang Sa Iyo Ay Akin," airing nightly at 8:40 PM on A2Z channel.

Cebu City To Distribute 15K Cash Cards To Seniors This Month

The Land Bank of the Philippines (LBP) on Thursday turned over to the city government of Cebu around 15,000 cash cards to be distributed to senior citizens this month.

Republic Cement Launches Co-Processing Solution Amid PH Waste Management Crisis

Through ecoloop, Republic Cement aims to help address the waste management crisis of the country.

Army Helps NorMin Farmers With Alternative Market

With the opening of farmers’ market inside 4ID's Camp Evangelista, local farmers from Northern Mindanao can now profit more during the Yuletide season.

Globe Recreates The Holiday Season With #ChristmasWeLove Live Pop-Up

Join Globe as they celebrate the holiday season with #ChristmasWeLove - a series of live digital pop ups featuring fun activities for your family and friends!

Recreate The Holidays Right At Home Best With Globe At Home Unli Plans

Make your virtual get-togethers possible with Globe At Home UNLI Plans!

Rep. Salceda Releases Statement On Jobless Rate Reduction In PH

“As a representative of a typhoon-ravaged province, I will tell you, we need urgent help. Our LGUs fiscal reserves are exhausted. We can no longer wait for 2021,” says Albay 2nd district Rep. Joey Sarte Salceda.