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I’m up early this morning to prepare for another busy day.

I will speak at the Davao Christian Leadership Breakfast Forum at 7 a.m. at the Grand Men Seng Hotel. This would be my sixth appearance at this fellowship attended by priests, pastors, laypeople and their guests.

I will discuss current issues confronting our consumers from food shortages, high prices, product standards and consumer rights.

After this forum, I will be off to Felis Beach Resort for the Mindanao Island Consultation for the upcoming Global Forum on Migration and Development which will be held in Manila in October. This regional consultation will be attended by civil society groups, while the global forum would be attended by UN member countries.

I would be wearing two hats in this meeting. First, to represent Mayor Rody Duterte during the opening rites, and Second, to participate as the official representative of Unlad Kabayan Migrant Services Foundation where I currently sit as Chair of the Board of Trustees.

Results of this island-wide consultation will be presented during the Manila global forum.

Yesterday, the City Council held a special session to discuss the monetization of part of the city’s Internal Revenue Allotment (IRA) in 2001 and 2003. Due to the reenacted budgets of the national government during these two years, the city has a differential amounting to P142 million.

I presided the debates of the City Council on how best to get this sum. The national government is offering us two ways:

Option 1 is to get this money by seven installments starting May 2009 to May 2015; or

Option 2 is to get the P142 million now at a discounted rate of just 70 percent.

But during the discussion, we looked at another option – borrow money from Land Bank against this unreleased IRA share. That way, we get the whole amount and pay the interests from our regular IRA.

For lack of time, we decided in postponing the decision until the July 1 Regular Session. But, offhand, many of our colleagues are favoring the third option.

What do you think?

3:43 a.m.

Update – I added an online poll on my right sidebar – A P142 Million Question. Please vote!

5:49 a.m.

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