Louth County Councillors vote to leave Local Property Tax unchanged
Louth County Councillors have voted to leave the Local Property Tax rate unchanged once again for next year.
The decision means for the third year in succession, there is no change in the rate of Local Property Tax. That follows reductions of 1.5% in both 2015 and 2014. Today’s decision means that for 2018, Louth’s LPT rate remains at a national standard.
Councillors have the power to to increase or decrease the tax by 15% either way on an annual basis.
Chief Executive Joan Martin recommended that councillors increase the LPT by 15%, which would have resulted in around €1.4 million of additional income for the local authority to be used for discretionary spending. This recommendation was rejected in the end.
According to LMFM news, as part of the debate over the matter Ms Martin said she would be seeking “a substantial increase” in pay parking charges for Dundalk and Drogheda in the 2019 Budget to bring in extra finance to the council.