Baguio dads end budget talks
< 1 MIN READ
BAGUIO CITY (Feb. 22) – The city council has wrapped up deliberations on the proposed budget for the year and will be ready to approve the budget in its next meeting.
Vice Mayor Daniel Farinas assured this saying at present, the body is finalizing the financial plan by consolidating and incorporating proposed revisions.
Mayor Reinaldo Bautista Jr. submitted a revised budget of P900 million which is higher by P144,596,000 than the previous year’s budget amounting to P755,504,000.
As proposed, the estimated income will come from the beginning balance of P95,000,000; local taxes amounting to P244,800,000; permits and licenses – P13,180,000; service income – P31,870,000; business income – P51,990,000; other income of P161,160,000 and Internal Revenue Allotment – P302,000,000.
The expense category is distributed as follows: P353,134,364 for personal services; P366,105,136 for maintenance and other operating expenses; P43,720,500 for capital outlay; and P137,040,000 for development fund. # Aileen P. Refuerzo/PIO
