BUILDING OF NEW CO COUNCIL OFFICES CONTRIBUTES TO SIGNIFICANT RATES RISE IN CO MONAGHAN

25 November 2022 No Comments by The Northern Standard

The rate levied on commercial premises in Co Monaghan in 2023 will increase by 5% – a hike accounted for in part by a decision made by majority vote at Monday’s Budget meeting of Monaghan Co Council to approve the raising of a €38 million loan to fund the construction of a new local authority headquarters and office building on lands in the Rooskey area of Monaghan Town.

A vote of 14-4 was recorded in favour of a proposal from Sinn Féin councillor Brian McKenna, seconded by Seamus Coyle of Fianna Fáil, that Monaghan Co Council borrow €38 million at 2.7% for 30 years to fund the new offices project in accord with a recommendation made to the elected members by the Council’s senior executive. Debate on the proposal dominated Monday’s Budget proceedings, at which strong opposition to proceeding with a new civic offices development in the current economic climate was voiced by Independent councillors Paudge Connolly and Seamus Treanor.

Fine Gael representative David Maxwell also disagreed with the proposal, arguing instead that the Council should commit to borrowing only €19 million at the current time, therefore reducing the 3% impact on the rates to 1.5%, with the remainder of the needed money being borrowed in a number of years’ time when a more detailed idea of the project’s cost would have emerged and there would….

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