Wednesday, June 25, 2008
P58M of P157M supplement budget for wages, benefits
THE bulk of the City Government's proposed supplemental budget number 1 for 2008 will go to the personnel benefits and wage adjustments of city employees totaling P58,059,384.16.
Each regular employee and co-terminus plantilla personnel of the city will get P5,000 per year for their years as their Signing Bonus as embodied in the Collective Negotiation Agreement.
Arroyo Watch: Sun.Star blog on President Arroyo
The second biggest appropriation of the SB (supplemental budget) proposal, which totals to P157,255,992.58, is for the Development Fund (Non-Infra and Infra Projects) at P47,639,036.42.
The City Mayor's Office whose priority is still the Peace and Order Program requested an allocation amounting to P36,200,000 while the City Council asks for
P1,860,000.
The smallest budget proposed is for the City Legal office at P439,000.
Forty-four percent or P69,481,545 of the total budget will be sourced from Internal Revenue Allotment (IRA); 19 percent from un-appropriated surplus of 2007; another 19 percent from reverted allocations; and 18 percent from the un-appropriated balance in the 2008 annual budget. (GLP)
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