Don’t let Fianna Fáil and the Green Party hit Carlow County Council’s revenue for our local communities

28th August, 2019

 

Fianna Fáil and Green Party proposals on Local Property Tax would hit the revenue stream of Carlow County Council and deprive local communities of investment, Fine Gael TD Pat Deering has said. 

Deputy Deering said: “Fianna Fáil and the Green Party, along with the Social Democrats and the Labour Party want to introduce a new measure to keep local property tax revenues in the counties in which they are raised.

“Currently each local authority retains 80% of the LPT raised in their local authority area. The remaining 20% is paid into an equalisation fund, which is used to support local authorities that do not have a sufficient revenue base to meet their funding needs. 

Deering states “However under the so-called ‘Dublin Agreement’ between the four parties to control Dublin City Council, Fianna Fáil have committed ‘to retain and spend 100% of Local Property Tax collected in Dublin City on Dublin City Services.’

“This allows the more prosperous and populous counties to further develop and could deprive Carlow Council investment.

“Projected figures for 2020 show that Carlow Council is set to receive €6,138,657 in LPT revenue for 2020. This would include €2,945,648 from the equalisation fund, providing badly needed investment in Carlow.

“The Government has placed huge emphasis on ensuring the economic recovery is felt all across the country and there is balanced regional development.

“We cannot allow Fianna Fáil and the Green Party to stop this progress. They also want to put a halt to the planned roll out of broadband nationwide and they are trying to scupper the Government’s ‘’Project Ireland 2040’ which gives the green light to many necessary road improvement projects.

Deputy Deering added “We cannot allow their proposal to keep all the LPT monies raised in those counties that are better off, ensuring unbalanced development. 

Deering concluded “In our Local Election manifesto we in Fine Gael proposed an annual national equalisation fund paid from the Exchequer to ensure that counties that have a lower LPT base are financially supported as is currently the case. We will continue to ensure no counties, like Carlow, are disadvantaged.”