The Elected Members of Galway County Council have agreed a 15% increase in the Local Property Tax (LPT), which will deliver an additional €2.4m annually for public projects and services across County Galway.
Over the next five years this decision to increase the LPT by 15% over the baseline rate will allow the Council secure €12 million in additional funding which can be leveraged to attract significant additional funding for Galway from national and EU sources.
Liam Conneally, Chief Executive of Galway County Council said, “increasing the LPT over a five-year period will secure badly needed funding to enable the Council to achieve its ambitious work programme in the period of this Council to 2029. The increase will help the Council to deliver a range of local authority infrastructure projects, community capital projects, and essential public services for the County and our citizens.”
Katie O’Connor, Head of Finance, Galway County Council said the 15% increase may also be used to leverage additional funds into the County for projects and programmes for countywide benefit and make a real and positive difference to the lives of the people of County Galway.
She explained, “Galway County Council will utilise this funding as a multiplier in relation to co-funded government grant schemes. For example, successful Council applications for 75% funding will ultimately quadruple the value and scale of relevant projects, which will benefit the communities in which they are being developed as well as the wider county.”
For further information on LPT see www.galway.ie.
