Talisay City expects higher income from new market

CEBU, Philippines - Talisay City Treasurer Emma Macuto said they are expecting an increase in the city’s income from the new Tabunok Public Market after the construction will be completed by April 8 as the new structure will have additional spaces and better facilities for its vendors.

She added that there may be an increase in rental rates considering that the city is offering new facilities.

But she clarified that the increase would be minimal because they do not have a quota to achieve and the city did not need to loan the funds used for the construction.

She also said that the increase would depend on the decision of Mayor Eduardo Gullas.

Although Macuto was not able to disclose their target income for the new public market, she is positive about the increase in income.

“Musaka gyud kay daghan na man ang pwesto unya mudawat sad og bag-o nga applicants,” she added.

Macuto said they would prioritize those entrepreneurs who already have their own spaces before giving spaces to new applicants.

She also explained that there are two kinds of rentals in the market: daily rental intended for fish, meat, vegetable vendors which rate is based per pallet or per billow, and monthly rental for mini grocery stalls.

Macuto said that at present, they are still using the same rental rates since she is still revising the city’s revenue tax code.

Last year, the city gained at least P10 million in income from the public market alone. (FREEMAN)