The beach town of Opol has surpassed Tagoloan as the province of Misamis Oriental’s top income earning municipality as reflected on the Commission on Audit’s Financial Report for the year 2008 I recently donwloaded from the office’s website.
This puzzles me a bit. I don’t see lots of industrial establishments in Opol but I see lots of beach resorts. Could it be that the municipality of Opol is earning much of their mining activities in the hinterlands of Opol? Or is due to the fishing operations? Or maybe because of its proximity to Cagayan de Oro that a lot of residential subdivisions are sprouting in the Iponan-Igpit boundary?
In 2007, Opol ranked 4th among the municipalities (El Salvador ranked 8th in 2007 but was excluded in my consolidated list since it became a city if you scroll down below). In 2008, it earned P97,082,460 compared to Tagoloan’s P93,775,017.
The biggest jump was made by the municipality of Gitagum (from 18th to 7th), which is eleven notches higher than 2007. Gitagum’s income increased significantly by P44 million or around 200% more.
In my summary below, I marked BLUE for the towns whose rank increased. Click the image for larger view.
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