The Local Property Tax redistributes funds to Local Authorities through an Equalisation Fund. In 2017 the Equalisation Fund will benefit 21 of the 31 Local Authorities totalling over €140m.
The Report by the Expert Commission on the Funding of Domestic Public Water Services in Ireland has been submitted on schedule to the Joint Oireachtas Committee on the Future Funding of Domestic Water Services.
Local Authorities plan to spend €4.4 billion in 2017. This note accompanies the forthcoming update to the Local Authority Finances website with 2017 Budgets, and explains where the money will come from and what it will be spent on.
Income from commercial rates has increased by €137m (10%) between 2008 and 2015. This is in a period of little or no inflation. Rates income in 2015 was €1.5 billion, up from €1.4 billion in 2008. Reliance on commercial rates increased from 26% of revenue in 2008 to 37% in 2015. At least part of this increase is due to the reduction in Government grants arising from a transfer of functions, such as water services and third level support grants, from local authorities to other agencies.
While Ireland’s public debt burden is still relatively high, it is declining and the cost of servicing it will decline further as a share of Government revenue.
The cost of claims in the private health insurance market is rising steeply for the those aged over 80 years old. Those aged 80+ have seen their average claims increase
The Report by the Expert Commission on the Funding of Domestic Public Water Services in Ireland has been submitted on schedule to the Joint Oireachtas Committee on the Future Funding of Domestic Water Services.
Irish Water has made significant progress in a short period. Abolishing Irish Water and removing domestic water charges would be a mistake and set back the prospects of having water services fit for a modern economy.