Galway City sees Local Property Tax surplus for another year
Over the three years leading up to 2026, baseline funding has risen steadily, up 33% overall.
Local authorities receive a baseline funding amount to guide their budgeting. If an authority collects less LPT revenue than this baseline, it receives an additional allocation to equalise or given a 'boost'. Conversely, if it collects more than the baseline, the surplus must be directed toward roads, housing, and similar projects.
In 2025, Galway City is in a €5m surplus for local authority use. For 2026, a provisional €2m increase in LPT revenue is projected.
Local government and Planning Minister, John Cummins said: 'For the 10 surplus Local Authorities, they will see significant uplift which will assist them in delivering urban regeneration projects for the benefit of their growing communities.'
The Local Authority is 'essential' to the servicing of Galway city said Housing Minister James Browne and 'each of them will now see an increase in funding in line with their increased yield.'
While homeowners are expected to see a slight rise in their Local Property Tax bills, most will remain within their current valuation bands. It is noted that yield from this specific increase will also go to the local authority.
'Those who are paying local property taxes deserve to see their contribution at work in their local areas and today I have made changes to ensure more locally sourced revenue is spent where it comes from.'
County Galway is expected to be an authority that requires equalisation meaning the LPT will amount to less than the baseline set out, and funding will be provided to them.
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Irish Independent
19 hours ago
- Irish Independent
Galway City sees Local Property Tax surplus for another year
The Housing Department announced that an additional €42m will be added to the LPT 'baseline funding' next year. This will bring the allocation from €696m in 2025 to €744m in 2026. Over the three years leading up to 2026, baseline funding has risen steadily, up 33% overall. Local authorities receive a baseline funding amount to guide their budgeting. If an authority collects less LPT revenue than this baseline, it receives an additional allocation to equalise or given a 'boost'. Conversely, if it collects more than the baseline, the surplus must be directed toward roads, housing, and similar projects. In 2025, Galway City is in a €5m surplus for local authority use. For 2026, a provisional €2m increase in LPT revenue is projected. Local government and Planning Minister, John Cummins said: 'For the 10 surplus Local Authorities, they will see significant uplift which will assist them in delivering urban regeneration projects for the benefit of their growing communities.' The Local Authority is 'essential' to the servicing of Galway city said Housing Minister James Browne and 'each of them will now see an increase in funding in line with their increased yield.' While homeowners are expected to see a slight rise in their Local Property Tax bills, most will remain within their current valuation bands. It is noted that yield from this specific increase will also go to the local authority. 'Those who are paying local property taxes deserve to see their contribution at work in their local areas and today I have made changes to ensure more locally sourced revenue is spent where it comes from.' County Galway is expected to be an authority that requires equalisation meaning the LPT will amount to less than the baseline set out, and funding will be provided to them.
Dublin Live
a day ago
- Dublin Live
It will be hard to stop child homelessness topping 5,000, Housing Minister admits
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Housing Minister James Browne has conceded that it will be difficult to stop the number of children living in emergency accommodation from rising above 5,000. The Department of Housing published its May homelessness report last week and recorded 4,844 children in emergency accommodation. This was an increase of 69 on the previous month. In total, homelessness figures for May stood at 15,747 people, another record increase. At a press conference after Tuesday's Cabinet meeting, Minister Browne acknowledged that the number of children considered homeless is increasing towards 5,000. He said: "Well, the sense of direction, unfortunately, has been upwards and we're very close to that 5,000. "I don't want to see that threshold crossed, but it's gonna be very difficult to prevent crossing over that 5,000, considering how close we are. 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He added: "We're talking about people who might have arrived in the country, who haven't been working here, who haven't been living here, and then seek social housing supports. It's people who have been here very, very short term." The Irish Mirror understands that the planned legislation will only be for new people coming into the system and anyone living in emergency accommodation will not be reassessed and it should not impact the current emergency accommodation figures. A Department of Housing spokesperson added: "Homelessness is a hugely complex issue and the Department does not speculate on fall or increase in numbers. "The information collected and published by the Department shows that there are many and varied reasons that households present to homeless services in local authorities and enter emergency accommodation. It is important that local authorities have a robust legal framework to assess households for homeless provision, and changes to the legislation are being considered on that basis." Join our Dublin Live breaking news service on WhatsApp. Click this link to receive your daily dose of Dublin Live content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice . For all the latest news from Dublin and surrounding areas visit our homepage.
Extra.ie
2 days ago
- Extra.ie
Housing Minister announces new measures to speeding up social homes
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