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Local Property Tax in Cavan to increase by 15% next year after motion receives unanimous support

Sep 14, 2020 15:09 By News Northern Sound
Local Property Tax in Cavan to increase by 15% next year after motion receives unanimous support Local Property Tax in Cavan to increase by 15% next year after motion receives unanimous support
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The Local Property Tax in Cavan is to increase by 15% next year. The motion received unanimous support at today's meeting. Every county council

The Local Property Tax in Cavan is to increase by 15% next year.

The motion received unanimous support at today's meeting.

Every county council in Ireland has the power to adjust the baseline rate of the Local Property Tax by plus or minus 15%.

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Following a presentation by the council executive, which outlined the financial year going forward and recommended a 15% increase, Independent Councillor Shane P O'Reilly proposed the council adopt the same.

Chief Executive Tommy Ryan outlined that the local authority faced a difficult financial year, and no increase in LPT could, in turn, lead to cuts to housing and roads as they looked to balance the budget later this year.

A 15% increase means the Council's income will increase by over €680,000, while the majority of homeowners will see the tax increase by €1 per week.

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It will go towards delivering projects and matching funding investments from central government.

The increase passed with Belturbet's Brendan Fay seconding the motion, and no counter-proposal being put forward.

Fine Gael Councillors supported the increase. However, they criticised that motions brought by the party to increase the tax in previous years were voted down.

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Winston Bennett said he was 'delighted' to go along with the increase, but that Cavan County Council could have been in a better position if increases were brought in in previous years.

Peter McVitty welcomed the move but said he wouldn't support an increase in commercial rates later this year.

Fine Gael Party whip TP O'Reilly refused to propose the increase after previous defeats but was happy it went through.

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He said funding for projects like Dunancory Bridge in Virginia "don't drop out of the sky".

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