Dáil Éireann Debate, Wednesday - 20 March 2013
206. Deputy Michael McGrath asked the Minister for Finance if his commitment that a minimum proportion of the revenue from the local property tax will be spent in the local authority area in which it is raised is aspirational or if he intends to give it a definitive legal basis prior to 2014; and if he will make a statement on the matter. [13692/13]
View answerThe allocation of funding to local authorities is properly a matter for my colleague the Minister for the Environment, Community and Local Government. The Minister for the Environment, Community and Local Government has recently confirmed that the Government has accepted, in principle, a policy position that from next year 80% of all Local Property Tax (LPT) receipts should be retained within the local authority areas where the properties are based. The remaining 20% of the LPT collected nationally will go to the Local Government Fund, which will continue to provide funding to local authorities on a needs and resources basis.
