Friday, January 26, 2007

Brighter financial prospects seen: City Dad

ILIGAN City (Nora Soriño) - Financial prospects for the city is brighter, Councelor Alfredo Busico told media early this week, in an interview.

Busico who chairs the powerful Committee on finance of the Sangguniang Panglungsod here said, their collection efforts of the city had paid off.

Industrial firms here had answered their call and they are beginning to pay, he said.
Holcim Cement company here has paid over P1 million on property taxes for the 4th quarter of 2006.

This is Iligan's share in the taxes already, since parts of its plant facilities are also located in Lugait, the fisrt town in Misamis Oriental from the city.

RCP also has written the government that it will pay, not in lump sum, but staggered amounts.
He said, we are going to listen and study their proposal of payment and if they see that it is reasonable, why not?

That is better than nothing at all and going to all the trouble, he said.
The National Steel Corporation however, was able to secure a temporary restraining order on the payment of taxes.

Platinum Group of Metals Corporation also has manifested its intention to lease the plant's premises of the MCCI or Maria Christina Chemicals Industries, Inc.

MCCI incidentally, which is located some 10 kilometers away from the city is the first and only carbide producer in the country.

Currently, it is in operation for only 4 months during the year, so for the rest of the year for 8 months, it is not in operation.

Busico said, the Platinum Group is interested in leasing its facilities for processing the nickel to be mined from Nonoc, Surigao City as soon as this will be reopened.

Busico also revealed that the Internal Revenue Allotment has also been increased by P50 million from P523 million to P573 million.

As soon as his will be received, a supplemental budget will be approved, he added.

So, with these we can surely leave something behind for the next administration to go on.

Busico, who is still be running as councilor under mayor Laurence Cruz's ticket also said, he is in favor of a "free zone" as far as the candidates for congressman of the first district of Iligan City/Lanao Norte is concerned, thereby hinting that he is not entirely for a Badelles candidate.


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