2013-12-10 17:38:19 - The Cathaoirleach of Limerick County Council has described the proposed 15.8% reduction in Limerick City’s commercial rates as “a shot in the arm” for the local business sector.
Cllr. John Sheahan said the move, announced by the Limerick City and County Manager Conn Murray yesterday, also represented a key moment in the merger of Limerick City and County Councils during 2014.
According to the Cathaoirleach: “When Limerick County Council decided to proactively support the merger, we did so conscious that a thriving Limerick City is central to the fortunes and future development of the County and indeed, the wider Mid West Region. Through this support we are delighted to have been the catalyst that has delivered the historic shift in rates that will significantly lessen the burden on the commercial sector in Limerick City.”
He stated: “While significantly helping businesses to remain competitive, this positive move also brings about a
single Annual Rate of Valuation (ARV) in Limerick for the first time in the history of Local Government. Limerick County Council has for the past few years maintained one of the lowest commercial rate multipliers in the country. Complemented by the historic commercial rates reduction in Limerick City, both Councils have demonstrated the key role that they play in ensuring that Limerick remains an attractive location for new and existing investment.”
“The commercial rates reduction in Limerick City follows months of close co-operation between both Councils in terms of achieving efficiencies and cost savings which have not only helped to offset the income reductions but have also enabled continued investment in services that impact on the day-to-day lives of the people of Limerick City and County. I want to compliment the City and County Manager for his work in this regard as well as the staff of both Councils who have shown their commitment to the people of Limerick in contributing to the further economic, social and cultural development of the City and County,” added Cllr. Sheahan.
The Cathaoirleach concluded by acknowledging the contribution of the Department of the Environment in facilitating the equalising of the rates in Limerick.