Capitol income up by P165-M

THE Cebu Provincial Government showed a P165-million increase in revenues for the first half of this year compared to the same period last year.

This amount, Capitol said, is enough to construct some 115 two-classroom buildings at a rate of P1.426 million per building.

According to the comparative revenue records of the Provincial Treasurer’s Office, the total revenue from January to June this year has reached P1.564 billion, which is higher compared to last year’s P1.399 billion.

This means, there was an 11.8 percent increase in Capitol revenues.

Local Treasury Operations Officer Edna Toring-Obeñita attributed the increase in revenue to Capitol’s extensive tax campaign and the income of the Provincial Environment and Natural Resources Office.

The comparative revenue records are divided into four: general fund, Cebu South Bus Terminal (CSBT), district hospitals (DH) and development fund.

The general fund covers tax revenues and non-tax receipts.

For taxes on delivery trucks and vans, which fall under tax revenues, records showed an 11.99 percent decrease or P4.079 million in collection as haulers are removed from this item. Last year’s collection was P4.634 million.

Haulers

Capitol earned P4.658 million for registration fees of haulers, or a 53.68 percent compared to the fees collected last year, with P3.031 million.

On tax collections for sand and gravel and other quarry products, records showed a 20.89 percent decrease in revenues or P7.403 million for this year, compared to last year’s P9.358 million.

This is because of Penro’s policy that regulates the extraction operations in the province to limited sites.

Fines and penalties, though, have increased by 92.90 percent or P8.314 million. Last year’s revenue was P4.310 million.

Collections from permit fees, which is under non-tax receipts, reached P2 million, which showed a drastic increase by 565.56 percent, compared to last year’s P301,520.
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