Donal de Buitleir: Government needs to explain why it's keeping 80pc of property tax
The decision by Government not to adhere to previous commitments to allocate 80pc of the yield from local property tax in 2014 to those areas in which the property is based is regrettable. The reverse in policy has not been explained satisfactorily.
Local elections will be held in 2014. Candidates should have certainty about the allocation of local property tax to local authorities in 2015 in good time to enable them to arrive at reasoned positions on their policy in relation to the power to vary the rate of tax by plus or minus 15pc as is already provided for and, indeed, to propose how the revenues from the LPT should be spent.
Government needs to indicate clearly what the position is.