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

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.