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VOL. 6 ISSUE 108 • WEDNESDAY, AUGUST 14, 2013
EDGEDAVAO Serving a seamless society
CITY INCOME DOWN IN Q2
GALLOPING PRINCE. Former Davao Horse Club (DHC) George Walter Misa stays in control on the saddle as his 14-year old Arabian horse Quilin Prince gallops during the opening rites of San Antonio Park at Nenita Farms in Maripangi, Toril over the weekend. Unlike George’s horse, Davao’s local revenues did not gallop in the second quarter of the year (see story in this page). Lean Daval Jr.
Davao net income down by P616 million, expenses up AT A GLANCE: Net income down by 74.48% Government spending up 39% 60-40 ratio for IRA-local income Low collection could be reason for ‘no hiring’ policy
By GREGORIO G. DELIGERO
D
greg@edgedavao.net
AVAO City’s revenue collection slowed down dramatically in the second quarter while its expenditures went up by almost 40 percent backing up speculations the lost income must have triggered the stoppage of personnel hiring in the first two months of the new administration.
The city government’s net income dropped by 74.48 percent or P616 million during the second quarter of 2013 while government spending increased by 39 percent during the same period. Records obtained from the Office of the City Accountant showed that Davao City’s net income reached P1.03 billion as of the first half of 2013 but 79.67
FCITY INCOME,10
THEY LOVE DURIAN TOO. These tourists eat durian like locals at SM Lanang Premier’s Fountain Court where the Durian Festival is currently being held. Lean Daval Jr.
INSIDE:
Informal settlers 2 now at 40,000 Abreeza showcases 4 ‘Davao Fruit Craze’ PSC: BPinoy to push 14 through in DavNor