17 Jun Cagayan de Oro’s P2.4 Billion Budget for 2016 Has Been Approved by the City Council
It can be recalled that the City Council of Cagayan de Oro rejected Oscar Moreno’s proposed P4.8 billion 2016 budget for the city, approving only half of the proposed annual budget which is P2.4 billion. The reason for this is that the actual income of the city government in 2014 was only P2.2 billion, thus, prompting them to only set the annual budget lower than the city executive’s proposed budget.
Up by 18% compared to last year’s P2.08 billion budget, the CDO 2016 budget was approved during the regular session last June 13 under the City Ordinance No. 13081-2016.
The said annual budget will be distributed to various departments basing on the documents submitted to the City Council.
From P28.3 million budget in 2015, the budget for the Cagayan de Oro Police Office (COCPO) this 2016 has increased by P12 million with a total of P41 million as said by chair of the city council committee on police, fire, and public safety City Councilor Ramon Tabor. The COCPO budget will be used to obtain five pick-up trucks worth P5 million, 35 motorcycle units worth P2.7 million to, and 2 service vehicles worth P3.6 million.