December 23, 2020 THE City Council of Cagayan de Oro approved on Monday, December 21, the proposed P7.25-billion annual budget for 2021.
Likewise, the legislative branch approved the P1-billion loan to finance the city s priority projects such as the redevelopment of Bolonsori Memorial Park, completion of the five-story City Library and school building with basement parking, and the completion of Cagayan de Oro City Hospital-Lumbia Annex and Tablon Annex.
City Mayor Oscar Moreno, during the daily press conference on Wednesday, December 22, expressed his gratitude to the city council for approving the proposed 2021 budget as well as the P1-billion loan. We have had discussions with the city council on those two things. There were questions lugar sa loan pero I m sure they understood kay ang ato ganing borrowing capacity, we could borrow as much as P7 billion, Moreno said.
Port of CDO gets close to P7 M revenue from auction of 13 overstaying shipments
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