ISME: Retailers unable to pay rates

LOCAL authorities could face severe funding shortages following the revelation by ISME that half of retailers will be unable to pay rates this year.

ISME wants to see the rates burden expanded and called for rates to be imposed on church property, unregistered B&Bs, the re-introduction of agricultural rates and the introduction of metered water charges. The organisation is also calling for the implementation of the recommendations of the Local Government Review Report of 2010, outlining €510 million savings.

ISME chief executive, Mark Fielding, said rates are often the third highest cost item after wages and rent payments for business.