Jan. 4, 2009 - The amendment of the Revenue Code of Bacolod City is a significant factor that will help increase the budget of the city, Bacolod City Mayor Evelio Leonardia yesterday said.
The Bacolod Sangguniang Panlungsod approved last month an ordinance revising the Local Revenue Code of Bacolod City.
Leonardia said this is long overdue as this is the first time in 15 years that Bacolod City has revised its local revenue code.
He said that if they had followed the normal process, they could have increased the income of the city by three times.
“If you talk of 15 years, at the rate things have grown and the prices have risen, the increase of 10 percent, divided by 15 years, is not even one percent per year,” he added.
Leonardia said he believes that the revision of the Local Revenue Code was the proper thing to do. Besides the city is growing and it needs more revenues to better serve its people, he said.
Councilor Al Victor Espino, chairman of the Committee on Finance and Appropriations, said the revision of the Local Revenue Code will mean an increase of about P40 million a year for the city.
Meanwhile, Leonardia thanked Vice Mayor Jude Thaddeus Sayson and the SP for approving the new budget.
The SP approved the 2009 annual budget of Bacolod City during their first regular session at the Bacolod City Government Center last Dec. 22, 2008.
The budget was passed subject to certain conditions and shows an increase of 10 percent over last year’s.
Leonardia said this is very encouraging because there were local government units before that, upon reaching P1 billion, were not able to sustain their budget the following year.
He said “Our budget shows that our city is healthy, vibrant and progressive.”
Leonardia said he had read in the newspapers that the budget of Bacolod City is exactly the same as the budget of the province of Iloilo, which shows that the status of Bacolod is similar to that of a province.
Iloilo is also one of the premier provinces in the Philippines, Leonardia said. “So that proves that Bacolod, indeed, is developing and progressing at a very fast rate,” he said.
Leonardia also said that, before, the budget of the city lagged behind those of other LGU’s. “But now Bacolod is among the leaders, not only in the region but, I believe, in the whole Philippines,” he added.*CGS
- Visayan Daily Star
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Topic: amendment of the Revenue Code of Bacolod City (Read 520 times)