THE Bacolod City Council already received the proposed 2016 annual budget of the city as proposed by Mayor Monico Puentevella. The proposed budget amounts to P1.8 billion, with an increase of P250 million from the 2015 annual budget of P1.55 billion. Councilor El Cid Familiaran said the new budget proposal is already with Councilor Roberto Rojas, vice chairman of the committee on finance, and it will then be submitted to the committee chairman, Councilor Claudio Jesus Puentevella. Vice Mayor Greg Gasataya had earlier said the SP received the mayor’s request Friday, and this will be taken up next week since Councilor Puentevella was not present during the session on Friday. In Puentevella’s budget message to the SP through Gasataya dated October 15, he stated that about 53 percent of the proposed 2016 executive budget will be funded by the Internal Revenue Allotment share of the city while the remaining 47 percent will be taken from the projected income that the city will generate from its tax and non-tax revenue collections. The 43 percent of the proposed budget will finance the city government’s maintenance and other operating expenses, 33 percent for personal services, 15 percent - capital outlay and the rest of the expenses combining to nine percent of the total budget. Incorporated in the annual executive budget is the 20 percent Development Fund. In 2016, Bacolod City is allocating P188,922,827.40, or a 10 percent increase from the P171,613,932.40 fund that was provided in 2015, it said. Among the highlights of this year’s Development Fund are allocations amounting to P38 million for the programs and projects of all 61 barangays in Bacolod City, it added.
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