Misamis Oriental, Philippines
 

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2012 State of the Province Address
By Oscar Moreno, Governor of Misamis Oriental, Philippines

 

REVENUE GENERATION

Local Income On An Increasing Trend Since 2004. An increasing local income was generated from 2004 to 2011. In 2004, the recorded figure was only PhP69.24M. From 2005 to 2008, an annual increase of about PhP20M was generated. However, a huge boost was earned in 2009, making a collection of PhP207M. In 2010 and 2011, local income was posted at PhP251.65M and PhP288.12M, respectively. Results from the LGPMS for 2011 indicated that locally-sourced revenue level is significantly higher than the national average among provinces and the average among first class provinces. Per LGPMS 2011 results also, Misamis Oriental has a higher proportion of its regular income to total income (at 99 percent) compared to the national average of all provinces (at 93.41 percent) and the average among the first class provinces (at 92.66 percent).

Factors contributing to the increase include income from the provincial hospitals, income from the veterinary regulatory services and collection from the real property tax current-prior years’ account. The income of provincial hospitals reached PhP82M (inclusive of capitation fund) in 2011, representing a significant increase of 1,506 percent compared to its PhP5.1M income only in 2004. The Veterinary Office, following the approval of our Revenue Code in 2005, started to bring in PhP1.5M to our Treasury, an average of close to PhP4M in 2006 to 2009, and more than PhP5M in 2010 and 2011. On internal revenue allotment or the IRA dependency, the rate was at 84 percent in 2004 and went down to 72 percent in 2011.

Total Assessed Value of Real Properties and Improvements Amounted to PhP16.06B As of First Quarter of 2012. Total assessed values of real properties and improvements reached to more than PhP16.06B, of which PhP15.30B is taxable as of first quarter 2012. This is a result of having identified 181,302 real property units (RPUs) as of said quarter. In 2004, taxable RPUs only numbered to 152,355 which entailed a taxable value of PhP PhP8.1B. [Next page: Investment in Infrastructure]


Introduction | Poverty Alleviation | Revenue Generation | Investment in Infrastructure | MISORTEL Resuscitation | Education | Environmental Protection and Management | Hospital and Health Systems | Agricultural Productivity | Teamwork and Streamlined Bureaucracy | Conclusion