STATE OF THE CITY ADDRESS - Bacolod City
STATE OF THE CITY ADDRESS - Bacolod City
STATE OF THE CITY ADDRESS - Bacolod City
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3<br />
This brings us to the allegations raised by our political opponents that the<br />
Government Center is overpriced. May I inform you that the COA Regional<br />
Office has already rendered an official verdict on this issue. In answer to a<br />
request of COA-<strong>Bacolod</strong> Office, the COA Regional Office thru its Technical<br />
Services Office evaluated the structural, architectural, sanitary/plumbing,<br />
electrical and mechanical aspects of the Government Center project and based<br />
on their evaluation, they have found that the contract price of P394,957,121.01<br />
for the Government Center is REASONABLE. This official finding of the COA<br />
technical people should therefore put to rest this issue of overpricing. Any<br />
contrary opinion of other parties can only be speculative or even malicious.<br />
As for me and for the members of the Sangguniang Panlungsod and<br />
other city officials who stuck it out and made this dream a reality, we are now<br />
facing 13 cases relating to the Government Center Project. This is net of 1 case<br />
that was already dismissed. Enemies of this project have promised to file more.<br />
So be it. Despite the efforts of these “torpedoes” and “saboteurs”, we believe<br />
that this majestic Government Center is worth fighting for.<br />
Talk about the Government Center now leads us to highlight other<br />
accomplishments achieved over the past 12 months ending June 30, 2008.<br />
FISCAL MANAGEMENT<br />
First, on fiscal management, we have continued to manage our<br />
finances well and to operate within our means.<br />
When we started our term in mid-2004, the General Fund Budget for that<br />
year was only P618 million. It rose to P648 million in 2005 and to P675 million in<br />
2006. Again, it grew to P755 million in 2007. For this year, in 2008, we finally hit<br />
the P1 billion mark -- the first time ever that this has happened in the history of<br />
our city. This is a hefty increase of P245 million or 32% over the previous year.<br />
Growing by 62% from a general fund budget of P618 million to P1 billion in<br />
just 4 years is no mean feat. It is a pretty good indicator of the rapid growth and<br />
progress of our city and the healthy business climate spawned by our<br />
developmental efforts to produce the “enabling environment” needed by business<br />
to grow.<br />
Budgets of local government units or LGUs are funded from 2 sources:<br />
the Internal Revenue Allotment or IRA which is their share in revenues of the<br />
national government and from local fees and taxes that the LGUs themselves<br />
can legally impose. About 90% of LGUs nation-wide are IRA-dependent for the<br />
lion’s share of their funding. For many years, <strong>Bacolod</strong> was not an exception.