Waterford has recorded one of the highest shortfalls in meeting the Local Property Tax (LPT) baseline.
The provisional 2025 Local Property Tax allocation for Waterford City and County Council is €10,288,915 but to meet a baseline of €20,178,971, the LPT tax shortfall is to be supplemented by €9,890,056 from Exchequer funding - the fourth highest allocation in the State.
Donegal recorded the highest shortfall at more than €17 million.
Every local authority receives a minimum (’baseline’) amount of funding from the LPT, supplemented by funding from the exchequer where a local authority’s LPT income is lower than its baseline.
“Local Authorities play a vital role in the delivery of services to our citizens. Following the conclusion of a working group set up to conduct a review of baseline funding, this Government increased the LPT baseline by more than €75m in 2024. These changes are being carried over to 2025, and should go some way to easing the pressures on the sector. Following the recent local elections, new councils now have important decisions to make in the coming months regarding the level of local property tax in their areas, all of which will effect expenditure on local services.”
Minister of State for Local Government and Planning, Alan Dillon TD, added:
“As the Minister with responsibility for Local Government, I recognise that local authorities are on the front line providing important resources and amenities to their communities. I am pleased that the significant increases in LPT allocations for2024, will continue into 2025 and know they will assist the sector in the key role it fulfils in delivering for local communities.”
