Rates increase ratified by City Council
After slight alterations, the City Council have ratified proposals to increase the city’s commercial rates by 2.8 percent for 2009.
This will be the first increase in rates since 2005, and contrasts with the plan by the County Council to freeze rates at their budget meeting on Monday next.
The increase in rates is being blamed on cuts in funding from central government of €800,000 in last October’s budget.
The cut to Limerick City Council’s budget comes despite an increase in their duristiction area. Local authorities are prohibited from over-expenditure in it’s annual budgets.