News

Property tax increase necessary for "economic development" of Monaghan says Councillor

Sep 8, 2020 07:09 By News Northern Sound
Property tax increase necessary for "economic development" of Monaghan says Councillor Property tax increase necessary for "economic development" of Monaghan says Councillor
Share this article

The additional income of Monaghan's Local Property Tax will go towards the "economic development of the county". Yesterday, the local authority voted in favour

The additional income of Monaghan's Local Property Tax will go towards the "economic development of the county".

Yesterday, the local authority voted in favour of increasing the tax by 15 per cent.

The Local Property Tax resets each year, with every county council given the option to adjust it by plus or minus 15 per cent.

Advertisement

Councillors voted to increase the rate by the maximum percentage, meaning the amount paid by a household will be the same as last year, when a 15 per cent rise was also adopted.

Funds from the tax are put into a discretionary allocation, which each Municipal District can use to match funding for community and enterprise projects.

Rossmore Park as well as the C:Tek building and Workhouse in Carrickmacross were some of the developments mentioned as having benefited from having these funds available.

Advertisement

Fianna Fáil Councillor PJ O'Hanlon proposed the motion and said while it wasn't popular; it's for the benefit of the county:

Fianna Fáil, Fine Gael and Independent members voted in favour of the increase, with Sinn Féin voting against - after Cathaoirleach of the council Colm Carthy had his motion to leave the LPT unchanged defeated.

Share this article
Advertisement
Advertisement

NorthernSound Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.