For the fiscal year of 2004, 48 Bicol towns out of 107 earned an income of P37M or more which totalled P2,478,990,989 out of the regional earnings of P3,951,780,429.
Of these local government units, twenty breached the P50M yearly income while the reamaining 28 municipalities earned between P35M but less than P50M. For the year 2003, the same count of towns joined the P35M+ bracket.
Albay accounted for 9 towns, Camarines Norte 8, Camarines Sur 15, Catanduanes 1, Masbate 9, and Sorsogon 6.
The town of Aroroy (Masbate) topped the provincial category while its neighboring municipality of Baleno hugged the bottom of the list both on the provincial (29th) and regional (107th) ranking.
Other towns on the bottom list are Gainza (Camarines Sur, 106th), San Fernando (Masbate, 105th), Bombon (Camarines Sur, 104th), Bagamanoc (Catanduanes, 103rd), Batuan (Masbate, 102nd), Panganiban (Catanduanes, 101st), Sta. Magdalena (Sorsogon, 100th).
The lowest ranked town of Camarines Norte is San Lorenzo Ruiz (96th) while it is Jovellar (Albay, 15th) on 83rd for the region.
On the provincial level, Camarines Sur earned P650,505,000 (1st), Albay P555,576,801 (2nd), Masbate P447,720,581 (3rd), Sorsogon P440,760,455 (4rth), Camarines Norte P376,003,915 (5th) and Catanduanes P245,062,177. The regional total for the six provinces was P2,715,628,929.
The seven cities of Bicol earned a total of P1,901,734,031. Legaspi earned the most with P437,797,660 (1), Naga P384,665,593 (2nd), Sorsogon P279,056,286 (3rd), Ligao P217,636,184 (4rth), Masbate P201,464,436 ((5th), Iriga P197,880,034 (6th), and Tabaco P183,23,840.
Based on the 2004 earnings, towns and cities of Albay are coming up strong with Camarines Sur towns lagging behind.
(This is the seventh part of the series on Bicol local government units- towns, cities and provinces annual income that Cbanga360(dot)Net will run as a series. To be continued.)