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Julien Behal/PA Archive

Department: Property tax will not be handed to the bondholders

A report today claimed that Minister Michael Noonan said the money will be used to reduce our deficit rather than to fund local services.

THE DEPARTMENT OF Finance has sought to clarify its position on the property tax after a report today claimed that the entire €175 million fund will be used to pay our bailout debt.

The Irish Daily Mail reported that Finance Minister Michael Noonan “admitted that the money has been kept in the coffers” and would be used to “reduce the deficit rather than to fund local services”.

In a strongly worded statement, the department said that “none of the funds collected through the Local Property Tax have gone towards our bailout debt nor will it be handed to bank bondholders”.

The department said that from 1 January 2014, the minister will pay the tax into the Local Government Fund and will be used to fund local services.

“The government has also announced its intention that 80 per cent of the local property tax will be retained in the local authority area it is raised to fund local services in the area,” it continued.

The department added that the allocation to the Local Government Fund was decided at the start of this year and there is no shortfall in it.

Read: Revenue: 9 out of 10 comply with property tax with €175m raised so far>
Read: Tony Rochford ends hunger strike after doctor’s report>

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79 Comments
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    Mute Tom Fennelly
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    Feb 28th 2014, 9:47 PM

    That’s the 24th bomb that the Army have attended this year in 60 days.

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    Mute Gerry Duffy
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    Feb 28th 2014, 9:57 PM

    Absolute madness

    46
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    Mute Robert Merrigan
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    Feb 28th 2014, 10:49 PM

    59days

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    Mute AICS (Steve Tracey)
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    Feb 28th 2014, 9:43 PM

    Well done ATO total professionalism. Courageous guys and gals no matter which Army.

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    Mute Paul White
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    Mar 1st 2014, 11:45 AM

    Who is ATO?

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    Mute AICS (Steve Tracey)
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    Mar 1st 2014, 3:32 PM

    Paul
    ATO = Ammunition Technical Officer that’s the person who commands the team and actually approaches the device and declares the area safe.

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    Mute ash doyle
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    Feb 28th 2014, 9:42 PM

    South dublin?? Learn something new everyday… thought it was west… huh… good to know….

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    Mute Hugh Jarse
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    Feb 28th 2014, 10:22 PM

    Southwest to be precise.

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    Mute Eoin Mahon
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    Mar 1st 2014, 12:12 AM

    Muppet

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    Mute cutsie
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    Mar 1st 2014, 8:18 AM

    Bunch of sat navs on here this morning

    12
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    Mute Gerry Duffy
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    Feb 28th 2014, 9:56 PM

    The reason for planting this bomb or IED is what exactly?

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    Mute Eugene Walsh
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    Feb 28th 2014, 10:26 PM

    They probably plant these devices themselves, keep em in A job.

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    Mute Brian Flynn
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    Feb 28th 2014, 10:38 PM

    @Eugene Walsh- Clown!!

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    Mute Raymond John
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    Mar 1st 2014, 4:16 AM

    APE!!

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    Mute Anton de Buitlear
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    Mar 1st 2014, 8:06 AM

    You just said what I know

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    Mute cutsie
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    Mar 1st 2014, 8:19 AM

    Wouldn’t be suprised

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    Mute Dexter Ferguson
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    Mar 1st 2014, 8:26 AM

    As long at this type of carry on is kept in areas like Tallaght then it’s not a problem.

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    Mute David Giles
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    Mar 1st 2014, 12:01 AM

    I wonder who is making all these bombs? Why have the Gardai not found out and arrested those responsible ?

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    Mute Jacob Thomas
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    Mar 1st 2014, 1:30 AM

    Very hard to pin something like this down. Manufacturing IED’s isn’t that hard, especially if you’ve got connections. Could be one person, could be multiple groups of people.

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    Mute Michael Evans
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    Mar 1st 2014, 8:18 AM

    That’s a question for the commissioner!!!

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    Mute hard yaka
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    Mar 1st 2014, 9:00 AM

    People from tallaght wont agree with you sure its s grand spot why wouldn’t you live there.

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    Mute SMcB
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    Mar 1st 2014, 9:55 AM

    Ah yeah, an area known for the odd shooting, a few murders, odd rape and odd few bombs here and there. Grand place it is……

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    Mute David Giles
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    Mar 1st 2014, 7:32 AM

    IED means Improvised Explosive Device equals something that can kill people. Very dangerous and it seems there are lots of them about.

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