Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I have not yet said which one of these scenarios we should go for. If I say that I want to maintain the relative yield of the current LPT, the other side of that coin is the reason why I want to do it. If the yield goes down, I know there will be revenue lost in local authorities that will then become an issue for me because the Department of Housing, Planning and Local Government will want that money to be found in other ways. My view of what we will need to do involves protecting the overall yield for people who are paying. At this point, the way in which we will do it will be by a combination of band widening and rate adjustment nationally. I believe that by doing that, we will maintain the yield nationally and by maintaining the yield nationally, we will minimise and, hopefully, eliminate the possibility of any local authority losing revenue.