Thursday, October 23, 2008

Davao City Gov't. Employees Assured Of Addt'l. Cash This Christmas

Employees of the city government of Davao have more reasons to smile these days after the City Council approved Tuesday the P262 million supplemental budget which includes the Christmas bonuses and wage increases of both plantilla and contractual employees.

The approved budget includes P42 million for the employees cash gift, P28.2 million for the 10% salary increase for plantilla employees and the P55 million salary augmentation fund for contractual employees.

City Treasurer Rodrigo Riola said the fund will be sourced from the local tax collection as well as the city's internal revenue allotment balance of P142 million from 2001 to 2004.

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