CEBU CTIY, Philippines -- When Cebu City Mayor Michael Rama assumed office on July 1, 2022, City Hall barely had any cash on hand.As of June 30, the city had a total P4.54 billion under its
Members of the Local Finance Committee hold a press conference on Monday afternoon, August 8. | Photo from Cebu City PIO
Rosell said, in a press conference on Monday afternoon, that what the city has is not even enough to take care of its payables for the year now computed at P5.04 billion. The city’s lack in funds is also expected to be a “huge roadblock” to the Rama administration’s dream of making Cebu City like Singapore.LFC, Rosell said, is now looking at the possibility of increasing, especially the city’s real property taxes , business taxes, fees, and other levies to raise the badly needed cash.
Cancel infrastructure projects that were funded under continuing appropriation since CY 2007 but were not yet implemented In 2021, City Hall collected P7.36 billion in revenues but its expenses reached P10.27 billion. In 2020, the city government collected P8.73 billion while its expenses totalled to P10.38 billion.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Benedicto, Santiago rule IRONMAN 70.3 Cebu PhilippinesFilipino triathletes August Benedicto and Ines Santiago were hailed king and queen of the Megaworld IRONMAN 70.3 Philippines Sunday, Aug. 7 at Mactan Newtown in Cebu.
Read more »
Germany-based Benedicto rules IRONMAN 70.3 Philippines in Lapu-Lapu, Cebu - BusinessWorld OnlineLAPU-LAPU CITY, Cebu — On a gloomy Sunday morning, victory shone bright on seasoned Filipino triathlete August Benedicto.
Read more »
Scholar, 16, robbed, killed in Cebu City on his father’s birthdayCEBU CITY, Philippines -- What could have been a happy day for the Estan family, who had just celebrated their father’s birthday at the house of their father’s twin sibling in Minglanilla
Read more »
Affected families hope Cebu City sticks to relocation promise as easement clearing ops beginCEBU CITY, Philippines — Olga Galo stood at one edge of Kinalumsan Bridge along N. Bacalso Avenue on Monday, August 8, watching authorities dismantle the house where she and her family once
Read more »
Cebu City mayor bares why he wasn’t seen when floods struckMayor Michael Rama explained Monday, August 8, why he was not seen in the past few days especially when floods inundated this city.
Read more »
Cebu City police: Kamagayan killing may be a drug-related crimeCEBU CITY, Philippines -- Police investigators believe that the killing of a man in Barangay Kamagayan, Cebu City last Saturday, August 6, 2022, may be a drug-related crime.Police Lieutenant
Read more »