CAGAYAN DE ORO CITY – A legislator here questioned the increase in the proposed amount that the city government is planning to loan for the new city hall complex in Barangay Carmen from over P1.6 billion to P2.7 billion during a committee hearing on Thursday, September 28.
Councilor Jose Pepe Abbu Jr., who scrutinized the proposed loan, asked the City Engineer’s Office how it came up with the amount of over P900 million – one of the amounts added from the previous proposal – for the project’s construction while it only has the concept.
“In our approximate estimates, we come up with an amount of per square meter, P61,000 per square meter. That is the actual design we design in our engineering, your honor,” Momongan, who attended the hearing, said. Acting City Budget Officer Roxanne Mae Ravidas, chairperson of the local finance committee, apologized during the hearing for not including these amounts since there was also a commitment from Senate President Juan Miguel Zibiri of P1 billion for the project, which will be downloaded once the land acquisition is completed, said Councilor Yan Lam Lim, chairperson of the committee on finance, budget, and appropriations.
Councilor Yevonna Yacine Emano, who was also in the meeting, asked the local finance committee for the loan requirements before providing the authority to loan, emphasizing that if the proposed ordinance is passed, this won’t be a loan for just a person but for the entire city government. “Because again, P2.7 is no joke,” she said.
Councilor George Goking, chairperson of the committee on ways and means, said the city government has the capacity to pay P7.5 billion, according to the Bureau of Local Government Finance. This was echoed by Ravidas but Goking said that it is not updated data.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Classes in Cagayan de Oro suspended as spread of 'Nipah' virus fearedCAGAYAN DE ORO CITY: Classes here were suspended on Wednesday amid unconfirmed reports of a 'Nipah virus' outbreak in schools that has infected students and school personnel.
Read more »
Board approves minimum wage hikes in Cagayan Valley, Central Luzon, SoccsksargenThe National Wages and Productivity Commission approved on Tuesday increases for minimum wage earners in Cagayan Valley, Central Luzon, and Soccsksargen.
Read more »
New minimum wage takes effect in Cagayan Valley, Central Luzon, and SOCCSKSARGEN • Samuel P. MedenillaThe new pay increases for minimum wage earners and domestic workers issued by the regional wage boards in Cagayan Valley, Central Luzon, and SOCCSKSARGEN are now set to take effect after being affirmed by the National Wages and Productivity Commission (NWPC). In a statement issued last Wednesday evening, the Department of Labor and Employment (DOLE)
Read more »
DOH: No presence of Nipah virus in PhilippinesThe Department of Health has confirmed that there are no cases of Nipah virus in the Philippines amid increasing reports of flu-like illnesses in Cagayan de Oro.
Read more »
Bacolod, Grab PH sign MOA to track city gov't vehiclesBACOLOD CITY – Mayor Alfredo “Albee” Benitez recently announced that the city government has signed a Memorandum of Agreement (MOA) with Grab Philippines to track the movement of city government vehicles.
Read more »