Business World – Cityhood for three towns

By Business World Online

business_worldA SENATOR yesterday pushed for the cityhood of three towns in Cavite and Laguna. At a local government committee hearing yesterday, Senator Ferdinand R. Marcos, Jr., committee chairman, said that the cityhood of Bacoor and Imus in Cavite and Cabuyao in Laguna would be “included in a [separate committee] report” that he would draft as the “towns were well-above the threshold income.” Mr. Marcos said that the three towns adhered to the requirement mandated by the Local Government Code under Section 450 which states that “a town may be converted if it has a locally generated average annual income… of at least P100 million based on 2000 constant prices, and if it has either of the following requisites: a contiguous territory of at least 100 square kilometers… or a population of not less than 150,000 inhabitants.

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