Despite P1.2B borrowing capacity
By Mortz C. Ortigoza
BAYAMBANG – With an annual regular
income (ARI) of P346, 272, 000 this year, this first class town pays only P50
million annual amortization of its existing loan that funded a series of huge
projects here.
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| Bayambang, Pangasinan Mayor Cezar T. Quiambo |
Mayor Cezar T. Quimbao explained that
this town has P187 million loans from East West Bank he used to bankroll the construction
of the market, the air-conditioning system, taraflex floors, and other
parts of the gymnasium, audio visuals, parking space, traffic signals, barangay
circumferential road, rural health unit, eight police community precincts,
Close Circuit TVs, annex building for the municipal hall, improvement of the
old municipal hall and Sangguniang Bayan’s building, flood control, and many
others.
The P346, 272 ARI were taken from the
averaged locally sourced income (ALSI), other share from national tax collection
(OSFNTC), and internal revenue allotment (IRA). They were reflected on the
document given by the mayor to this paper.
Quiambao said that this thriving town
has a maximum debt service capacity (MDSC) or amortization capacity yearly of
P176, 711,000 or a borrowing capacity of almost P1, 190, 323,000.
He said the MDSC is 20% of the
computed town’s ALSI, OSFNTC, and IRA that
are equated into the total sum of the yearly annual regular income.
SILVESTRE RAYOS: Magaling mayor ng Bayambang, the nexth rising political leader of Pangasinan
ReplyDeleteHe told me Silvestre A Rayos Jr. na the rumours he is running for congress at the 3rd Distirct or Governorship of Pangasinan are not true. He said he was happy and contented manning the citadels in Bayambang where his political adroitness saw him making Mark Cojuangco defeated Pogi Espino in the last gubernatorial poll there
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ReplyDeleteSILVER RAYOS: . Hintayin na lang nia last term ni Pogi, when the right time comes, pag ukol baka bumukol, hehehe
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Silvestre A Rayos Jr.
Silvestre A Rayos Jr. Nagiging progressive ang Bayambang, kailan kaya magkakaroon ng competent leader ang Lingayen, magaling makisama c Jonas pero hanggang doon lang , yung vision nia yung monay na may hiwa sa gitna, magpadesal na lang ako, hehehe