Adopted Budget 2020
Table 2
The m ain are as o f e xpenditure increases are i n are as w ith matching f unding such as Road Grants, Group Water Scheme Grants and housing Grants. Local Property Tax Local Property Tax (LPT) as a funding source for Local Government replaced the General Purpose Grant funding allocation. The initial revenue allocation under this funding heading for budget 2020 was confirmed as €6.45m. Clare County Council continues to be a net contributor to the national equalization fund, an area we continue to input into with our colleagues in Local Government Finance section of the Department. The Local Government Reform Act 2014 and associated Regulations permits the Members of the Council to vary the Rate of LPT and this Council decided to adjust the LPT rate upwards by 15% in 2020, generating additional income of €1.5m. This followed considerable debate on the impact on Clare property owners as set out in Table 3 below. Table 3 LPT Valuation Band € Number of properties in each band LPT at basic rate €
€0 €100,000
€100,001 €150,000
€150,001 €200,000
€200,001 €250,000
€250,001 €300,000
19,918
18,797
10,039
2,884
1,009
801
€90
€225
€315
€405
€495
€750
€33.75
€47.25
€60.75
€74.25
€112.50
€ 1.17
€ 1.43
€ 2.16
over €300,001
€1,500,000 additional funding of services Per year € per week cent
No of Households
Clare County Council
€13.50 €0.26
€0.65
€0.91
3.7 out of every 10 households
3.5 out of every 10 households
1.8 out of every 10 households
3
