BAYOMBONG, Nueva Vizcaya – More than 300 public school teachers in this province will get a P1,000 monthly pay hike starting this school year.
Edu Balgos, Gov. Luisa Cuaresma’s executive assistant for education said with the increase, public school teachers here will be receiving P6,000 per month on top of their other benefits.
Balgos said the salary hike will be funded out of the provincial government’s special education fund, whose budget is sourced from the multimillion-peso real property tax payment of the US firm California Energy (CalEnergy).
CalEnergy owns and operates the multibillion-peso Casecnan multi-purpose irrigation and power project.
The provincial government has already collected some P1.5 billion in real property tax from the firm since it started operating the project in 2000.
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