CAGAYAN de Oro has topped the list of Mindanao cities in terms of local revenue dependency last year, showed a report released by the Bureau of Local Government Finance on Wednesday.
The BLGF said the city sourced 51.39 percent of its revenues from local sources for in 2016.
Tagum City came next with 45.93 percent while Davao City came in third at 41.93 percent.
The BLGF noted that Cagayan de Oro consistently topped the list in the past three years after successfully grabbing the spot from Tagum City in 2013, the year Mayor Oscar Moreno took over as local chief executive of the city.
Cagayan de Oro ranked 16th nationwide with the top 15 spots all dominated by Luzon and Visayas cities. Topping the NCR-exempted list was Laguna’s Sta. Rosa City with 68.8 percent revenue sourced locally.
At the municipal level, the industrial town of Villanueva in Misamis Oriental ranked second place at 68.1 percent in 2016 while neighboring Tagoloan ranked third (50.91 percent).
Of the 14 provinces in Mindanao, Bukidnon topped the list of those have locally sourced revenue dependency at 24.26 percent. (pna)
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