Chamber president wants rates reduction for the city

Nick Rabbitts

Reporter:

Nick Rabbitts

THE Limerick Chamber has once again called for a 25 per cent commercial rates reduction for city businesses.

THE Limerick Chamber has once again called for a 25 per cent commercial rates reduction for city businesses.

Although councillors will not strike the rate until around Christmas time, chamber president Kieran MacSweeney has started the campaign early.

At the moment, Limerick City businesses pay €76 per rate of valuation, while businesses in the county pay €59.

When the two councils come together in 2014, this rate will be harmonised downwards.

But Mr MacSweeney wants this done ahead of time.

“The annual rate of valuation (ARV) in Limerick City is out of line, not only with other cities in Ireland, but is unrealistic given the current economic reality facing businesses. Despite a 0.5 per cent decrease for 2011 the ARV in Limerick City is still 32 per cent higher now than it was in 2000.”

Mr MacSweeney wants to see the Limerick Reorganisation Implementation Group, chaired by Denis Brosnan, to begin the process of harmonising the rate in the city immediately.

This group - which will deliver its first report at the end of October - is to begin the process of bringing the services of the two councils together.

“The Local Government Committee clearly identified the harmonisation of rates as a priority and we call on the Implementation Committee to deliver this as a matter of urgency before any further business is bled from the City,” Mr MacSweeney said.