Cork councillors asks for €10m emergency State funding to cope with boundary extension payment

Soaring inflation has led to a massive increase in the annual payment to Cork County Council, which will top €15.4m this year
Cork councillors asks for €10m emergency State funding to cope with boundary extension payment

Local Government Minister Darragh O’Brien: Councillors to ask the minister to direct his department to make an annual €2m payment for next five years to alleviate the crippling inflation associated with the annual payment to the county council. Picture: Sasko Lazarov/© RollingNews.ie

Cork City is asking the Government to sanction €10m in emergency funding to help it cope with potentially crippling index-linked compensation payments crisis arising out of the 2019 city boundary extension.

Under the terms of the city boundary extension, the city has to pay an annual index-linked contribution of about €13.5m to the county council for at least 10 years, with the first payment made in 2020.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited