€490m meant for local services diverted to Irish Water

Finance Minister Michael Noonan has admitted that €490m meant for local services is to be diverted into Irish Water.

Fri, 17 Jan, 2014 - 00:00
Shaun Connolly, Political Correspondent

Mr Noonan said a “subvention” was being made from the local government fund to go to the water metering company.

He said Revenue collects the money and the total property tax returns are then transferred to the Local Government Fund for services.

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