EDGEDAVAO
VOL. 6 ISSUE 206 • FRIDAY-SATURDAY •JANUARY 3-4, 2014
www.edgedavao.net
P 15.00 • 20 PAGES
Serving a seamless society
WORLD RECORD ATTEMPT. Mayor Rodrigo R. Duterte leads Dabawenyos in an attempt to break the Guinness World Records for the most number of people simultaneously blowing “torotot” along Roxas Avenue in Davao City on New Year’s Eve. Davao City failed to break the 6,961-mark currently held by Japan. Lean Daval Jr.
CITY’S IRA TO HIT P2.9 B Bigger share to boost city government projects in 2014 By ARMANDO B. FENEQUITO JR.
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abf@edgedavao.net
HE INTERNAL revenue allotment (IRA) share of Davao City is expected to increase this year, City Treasurer Rodrigo Riola said. Riola added that the city will possibly receive a P2.9-billion share for 2014 and will be part of the annual budget for this year. He said that the IRA is part of the P5.16-billion annual budget that will help to fund the approved appropriations of the city for this year. Based on the record of the Department of Budget and Management (DBM), the city got an IRA share
of P2.57 billion for 2013. Riola said that aside from the IRA, the city tax collection for the first quarter can also fund this year’s appropriation by 60%. “Kay ang first quarter man gud naa ang daghan na mamayad. So sa total revenue sorties 60% makolekta na siya,” Riola said. He said that the taxes collected were from business taxes, real property, fees and charges, economic enterprises and regulatory fees from different offices. Riola added that they are going to try their best to collect more taxes as
FIRA, 10
GREEN WOODEN HORSE. A sales attendant of a lucky charm outlet at SM City Davao shows a Chinese green wooden horse figurine which is the most sellable item in their collection due to the belief that it brings good luck throughout the year. Lean Daval Jr.