THE local government units (LGUs) of Cebu City and Cordova are richer by P3.7 million each after they got their share from the toll revenues generated by the Cebu-Cordova Link Expressway (CCLEX) in its second year of operation.
Get the latest on Cebu City Councilor Jocelyn Pesquera's response to budget cuts in the proposed 2024 annual budget. Learn why she emphasizes the need to increase revenue before considering a budget increase, and the potential impact of proposed Real Property Tax (RPT) adjustments on property owners and investors. Stay informed with SunStar Cebu.
AT LEAST two weeks before Christmas, amid uncertainties surrounding the release of the promised P35,000 bonus for regular and casual Cebu City Hall employees and P10,000 gratuity pay for job order (JO) personnel, the city treasurer assures that the required funding is feasible.
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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