Thursday 19 October 2017

County councils owed €395m by developers

NEW figures show that local authorities across the country are cash-strapped as a result of the property collapse and are owed more than €395 million in development levies.

According to Environment Minister Phil Hogan, the highest amount due is to Fingal County Council in north Dublin where developers owe a staggering €129 million to the local authority.

In the Dail, Minister Hogan confirmed that at the end of December 2010 local authorities were owed over €395m.

The monies from development levies were designed to go towards the funding of capital projects across the country.

Irish Independent

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