Rates valuations shock will see €800k slashed from Fingal budget for 2016
Dublin West Sinn Féin representative Cllr Paul Donnelly has said that the rates valuations for major multibillion euro companies such as Vodafone, ESB, Bord Gais, Eircom will see them net a rates windfall of over €21m from the government whilst many small and medium enterprises continue to struggle to pay their rates.
Cllr Donnelly said:
“Fingal County Council CEO Paul Reid has confirmed to me that notification of amended valuation certificates for the utility companies was received recently and only after we had passed the budget.
“The government must take responsibility for their handling of this and the fact that the recently agreed budget for Fingal will now be in deficit of over €800,000 for 2016.
“I am certain that many of our struggling small and medium businesses in Fingal will be fuming with this rate cut to businesses such as Vodafone who made over €100m in profit last year.
“I fear this massive cut will result in a serious reduction of services to the community including housing maintenance, litter picking and cleaning, community events such as the hugely successful St Patricks Day parades in Blanchardstown and Swords along with our plans to commemorate the 1916 Rising.
“Clearly this government prioritises big multinationals over struggling indigenous, small and medium enterprises. With some utility companies enjoying a rate decrease of up to 40%”.
“I will be seeking an emergency meeting of the Corporate Policy group and that a report is made to all the members at the December council meeting.”