CdeO’s Biz Permit Collection Hits P268M

Cagayan de Oro’s business permit annual renewal processing netted a total collection of Two Hundred Sixty-Eight Million, Eight hundred eleven thousand, five hundred four pesos and sixty-two centavos (P268,811,504.62) this year.

City Mayor Vicente Y. Emano reported these figures based on a comparative report submitted to his office recently by City Treasurer’s Office OIC Engr. Marilyn P. Legaspi.

According to the report, this year’s total bested last year’s (January 2 to January 21, 2012) by P32,266,361.33, reflecting a 12% increase in collection.

The mayor consequently expressed his gratitude to the business owners who made this possible through their trust and cooperation with the city government.