Local Property Tax shocker!
Hard pressed householders are facing a Local Property Tax hike of 15% after Sligo County Councillors voted to increase it.
Head of Finance Marie Whelan told members that the rise, the first ever, would bring almost €800,000 into its coffers next year and almost €4 million over the next five years.
It will mean residents on the lowest scale who paid 90 euro last year, will pay €103 this year. It will rise from €235 to €281 on the next level (of houses worth between 100,000-150,000) and from €315 to €394 for houses on the third level for houses worth between 150,000-200,000.
She said the LPT raise would help the Council to provide match funding to projects such as the Surf Centre for Excellence, the Yeats' Trail, the Hawk's Well Theatre renovation project, the Sligo Plaza project in Stephen Street car park and many other project around the county.
Council Chief Executive Ciaran Hayes welcomed the decision to raise the LPT, claiming it would "strengthen" their hand in negotiations with the Department. He said the €4 million extra funding would go towards projects for the community and would not be spent on the Council's legacy debt.Thirteen members voted for the rise with four against; Cllrs Declan Bree, Gino O'Boyle, Thomas Healy and Chris MacManusby members.