Wednesday, May 20, 2015

Tagum plots 2016 budget

DAVAO CITY, May 20, 2015 - City officials and heads of the revenue-generating departments of the City Government of Tagum kicked off the budgeting process for the local government’s 2016 Budget where it increased by more or less 34 million pesos its one billion budget for 2015.

During the one-day Budget Planning on Income Estimates held in Seda Hotel last May 15, 2015, officials pegged the 2016 Budget of the local government at Php 1,034,719.42, considerably higher than the 2015 budget of Php 1,000,346.670.00.

Mayor Allan L. Rellon, who also heads the Local Finance Committee, said the increase in the local government’s pro-people budget would enable it to spend more on programs and projects that will have a huge impact of the Tagumenyo constituencies.

The Budget Planning on Income Estimates activity commenced the local government’s budgeting process, where it estimated the LGU’s income based on the average growth rate of the actual income for the last five years.

Among the budget estimates that were forecasted during the activity were the city’s tax revenues, general income regulatory fees, service income, income from the business income from asphalt operations and share from the internal revenue allotment.

Estimated income from the operation of Tagum’s economic enterprises composed of the public market, livestock center, slaughterhouse, public terminal, trade center and cemetery, was also discussed during the activity.

The final budget of the local government, however, will be finalized once the 6th City Council headed by Vice Mayor Geterito Gementiza scrutinizes every detail of proposed budget of the Executive Department and approves it through an Appropriation Ordinance. (Louie Lapat/CIO Tagum)

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