Ibec looks to election candidates for commitment on €1.6bn rates burden

Ibec has called for widespread reforms ahead of next month’s local elections, including a reduction in commercial rates, saying the €1.6bn contributed annually to local government by the business community remains a substantial burden which could be eased.

“Business funds about one third of the cost of local government, through the commercial rates system and other local measures such as water and waste charges,” noted Ibec’s head of regional policy Reg McCabe.

“We recognise the role played by local authorities in providing essential services, but the costs are too high and there is scope for savings,” he added.