Cork City Council votes not to vary Local Property Tax

Cork City Council votes not to vary Local Property Tax

Cork City Council have voted not to vary the basic rate of the Local Property Tax (LPT) at a special meeting this evening.

Sixteen councillors voted not to vary the basic rate while 10 councillors were against.

Elected members of a local authority may pass a formal resolution to vary the basic rate of the LPT for their administrative area by -/+ 15% of the basic rate set by the Minister for Housing, Planning and Local Government.

In 2015 and 2016 councillors agreed to apply a 10% reduction but last year the decision was made not to vary the basic rate and this meant that Cork City Council had an extra €777,000 to spend.

This evening’s vote means that €777,000 will also be available in the council’s budget for 2018.

Last night the council revealed that the extra €777,000 available in 2017 was spent in the housing and community, roads and transportation and environment and recreation directorates. Up to €400,000 was spent on housing maintenance, another €200,000 on road resurfacing and another €177,000 on funding playground upgrades and design and on tree works in communities.

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