Oireachtas Joint and Select Committees
Wednesday, 16 July 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Pre-Budget Submissions: Discussion (Resumed)
5:50 pm
Aideen Hayden (Labour) | Oireachtas source
My point relates to what county councils can and cannot do. If we lived in an ideal world, county councils would buy when properties were cheap and release them on to the markets when they were expensive. The difficulty is that because county councils' borrowing is on the State books and the State is limited in what it can borrow, it is not in a position to do that. I do not think we should be talking as if local authorities have all this freedom when they do not.
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