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| Dumaguete City, Philippines | Friday, January 11, 2008 |
PNOC eyes new system
for release of realty taxes
BY RENE GENOVE
The Negros Oriental government has yet to take a stand on the plan of the Philippine National Oil Company to channel royalty taxes to the Department of Budget and Management, instead of releasing it directly to the local government units.
Provincial treasurer Danilo Mendez said that, in the past, the PNOC directly gave the amount to the LGUs on quarterly basis, but lately, the company has informed the municipality of Valencia, where PNOC is generating geothermal energy, about the plan to course the amount through the DBM.
Mendez said the PNOC anchored its action on Art. 390 of the implementing rules and regulations of the Local Government Code. 
| Education gets P30-M budget The Negros Oriental government is allocating P30 million for education this year, provincial treasurer Danilo Mendez said yesterday. The amount will be taken from the Special Education and general funds of the province, Mendez said. He also said 50 percent of the real property tax paid by taxpayers will also be allocated for the SEF, which will be divided equally by the province and the municipality where the taxed property is located. |
| Timbayayong Some P200,00 worth of projects are up for grabs to local government units, non-government organizations or people's organizations in the search of the 2nd Timbayayong Awards for outstanding LGU-NGOs/POs. The search is designed to showcase a partnership for local development undertaking by the Negros Oriental Network of NGOs and the provincial government. Qualified awardees must have functional partnership programs that bring forth development in the locality. The NGOs/POs nominees must be accredited by the LGUs pursuant to the New Local Government Code, and that, the partnership is current and operating for at least three years. |
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