Cork city approves 10% cut in property tax

//Cork city approves 10% cut in property tax

Cork city approves 10% cut in property tax

Cork City Council has voted in favour of a 10% reduction in the Local Property Tax in 2015.

The motion was carried at tonight’s council meeting with 14 votes in favour, 11 against and two abstaining.

Afterwards Fine Gael claimed the vote will cost the city €600,000.  

However, Fianna Fáil insisted the city will break even next July when the first of three 5% hikes in local authority rents kick in – bringing in around €500,000.

Earlier councillors in Louth voted to reduce the local property tax by 1.5%, the equivalent of taking between €140,000 to €150,000 out of the county council budget.

After a meeting that lasted approximately two hours, the reduction was passed on the casting vote of the chairman of the council Fine Gael’s Oliver Tully this evening.

It was an amendment to a motion that had sought a reduction of 7.5%; motions for a reduction of 2%, a reduction of 15% (the maximum) as well a motion for no reduction at all, were defeated before the 1.5% amendment was passed.

The amendment was proposed by Fine Gael Councillor Kevin Callan.

RTÉ News – News Headlines

By | 2014-09-30T03:07:36+00:00 September 30th, 2014|Headlines|0 Comments