It is important to highlight to the Deputy that the below figures do not take into consideration the significant levels of funding received by the Local Government Fund from the Exchequer on an annual basis.
Under section 6 subsection (2C) of the Local Government Act 1998 as amended by the Motor Vehicle (Duties and Licences) Act 2012, a total of €46.5 million was transferred from the local government fund to the Exchequer during 2012. This was made up of two separate transfers. The first was for a sum €23.5 million and was received into the Exchequer on the 20th of September that year. The second transfer was for €23.0 million and was received into the Exchequer on the 13th of December 2012. These monies reflect additional revenues generated from increases to motor tax announced in Budget 2012.
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-
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Date
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Amount
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-
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20/09/2012
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23,500,000.00
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|
-
|
13/12/2012
|
23,000,000.00
|
|
2012 Total
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|
46,500,000.00
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In Budget 2013, I announced motor tax measures of a further €100 million. Section 7(c) of the Motor Vehicles (Duties and Licences) Act 2013 provided for a transfer of up to €150 million from the Local Government Fund to the Exchequer. During 2013, €100 million was transferred from the Local Government Fund to the Exchequer on the 12th of December.
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-
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12/12/2013
|
50,000,000.00
|
|
-
|
12/12/2013
|
50,000,000.00
|
|
2013 Total
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|
100,000,000.00
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There have been no transfers requested yet for 2014.
It is intended that €50 million (from the Motor tax measures) plus a further amount equal to the LPT receipts in 2014, will be requested from the LGF in December. Section 6 of the Local Government Act 1998, as amended by Section 79 of the Local Government Reform Act 2014, provided for a transfer of up to €600 million from the Local Government Fund to the Exchequer.
