Baguio City in good fiscal standing: mayor

-A A +A

Saturday, January 18, 2014


MAYOR Mauricio Domogan assured on Wednesday that the local government is in good financial standing after Councilor Faustino Olowan tasked the Local Finance Committee to open Baguio City’s various bank accounts.

Domogan said the City Government has never been on the red in terms of balancing its finances stressing the city’s income has increased through the years.

This year the City Government is proposing for a P43-million additional income in the proposed P1.439-billion budget to come from additional collection of business taxes, shares in the Philippine Economic Zone Authority operations and increased Internal Revenue Allotment.

Advertisement

Another source of additional income, he stressed, are the possible earnings the City Government could gain from the sale of organic fertilizers produced by the Environmental Recycling System (ERS) which he hopes will be started this February.

This as he asked the City Council to approve the buy-back agreement of the fertilizers stressing the executive is serious in finally gaining something from the ERS output which has remained to be stocked in the decommissioned Irisan dumpsite.

The city mayor also stressed the income derived from selling these fertilizers will help reduce the cost of garbage disposal and management.
The local government, he maintained, has been reducing its spending on solid waste in the past years in time for the completion of an Integrated Solid Waste Disposal System.

Only when spending on solid waste is reduced will the city finally refocus its efforts in coming up with other development projects needed such as repairs of other vital infrastructures.

Published in the Sun.Star Baguio newspaper on January 18, 2014.

Local news

DISCLAIMER: Sun.Star website welcomes friendly debate, but comments posted on this site do not necessary reflect the views of the Sun.Star management and its affiliates. Sun.Star reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules: Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent and respectful. Do not shout or use CAPITAL LETTERS!

Today's front page

Sun.Star Baguio front page for October 22, 2014

Other front pages

Sun.Star Jobs
  • Technology
  • tell it to sunstar
  • Philippine Polls
  • Filipino Abroad
  • Festivals
  • ePaper
  • Obituary
  • goodearth
  • Pacman blog
  • Sun.Star Zup!
  • Sunstar Multimedia
  • Habemus Papam
  • Calamity Report
  • Pnoy
  • Sinulog
  • SunStar Celebrity