Dublin City councillors vote to leave property tax rate unchanged
A special meeting of Dublin City Councillors voted last night to leave the rate of property tax unchanged.
A report by Chief Executive Owen Keegan had recommended that the council re-introduce the standard rate, saying such a move would boost local services by €12m.
But councillors rejected the proposal and instead kept the level of tax at the discounted rate of 15pc, that was introduced following a vote in 2015.
During the debate last night, the council's Head of Finance Kathy Quinn said the council has lost income as a result of revaluations.
Ms Quinn raised concerns that DCC may be facing further funding losses in 2017 because overall state funding will be reduced . She also said that two grants received last year have not yet been confirmed for 2017.
These grants alone come to €7.4 million.
The LPT reduction will represent a loss of €11.92 million for the council, but homeowners will see some relief in their tax bills for 2017.
The special meeting also formally rescinded the motion passed in July which set aside the entire O’Devaney Gardens development for social and affordable housing.
Councillor Éilis Ryan’s motion was ruled out of order by the Lord Maryor, who reiterated earlier concerns that the plan was not in line with planning requirements.
The site will now be developed with 30pc social housing, 20pc cost-rental housing and 50pc for private developers.