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Cebu City 'unable' to meet P50 billion budget for '23

Cebu City is still a few years away from realizing Mayor Michael Rama’s “Singapore-like” dream. City Treasurer Mare Vae Reyes said the City Treasurer’s Office has collected a gross amount of P7,556,320,087.76 as of October, but this is not yet the net income. The City failed to implement a revised Real Property Tax (RPT) Code, among other revenue measures. ....

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COA questions Davao City for use of development fund

Out of the top 10 richest cities in the nation, Davao City was the sole city that faced scrutiny for potentially inappropriate use of its development fund, a 2022 COA report shows ....

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