Proper Consideration Must be Given to the Impact of Local Adjustment Factor in Local Property Tax
11th September 2017
Local Authority Budgets and LPT Decisions should be aligned to improve quality of decision making
As Councils across the country meet this month to consider their Local Adjustment Factor for Local Property Tax (LPT) Chambers Ireland called for due consideration to be given to the impact of their decision on local services and the competitiveness of businesses.
Speaking today (11/09/17), Ian Talbot, Chief Executive of Chambers Ireland said, “We ask those voting on the Local Adjustment Factor for LPT to consider the impact of that decision on their annual local authority budget and provision of services. Many local authorities have already reduced LPT rates in recent years but businesses have not had any relief from commercial rates. With businesses across Ireland under pressure to remain competitive in the current economic environment, it is not the time to create increased local authority dependency on commercial rates to fund essential services. Every Local Authority in the country has the ability to raise additional revenue to provide vital services through effective use of the Local Adjustment Factor.
“We also call for the alignment of the consideration of the Local Adjustment Factor and the Local Authority Budget Process so that the collective impact of decisions in relation to budgets, LPT and Commercial Rates are properly understood and evaluated.”