Oireachtas Joint and Select Committees
Thursday, 7 March 2013
Public Accounts Committee
2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions
12:50 pm
Mr. Derek Moran:
The money raised from property tax will, from next year, go to the local authorities. The Thornhill group suggested approximately 65% go directly to the local authorities, with the remainder being put into an equalisation fund. The Government is reflecting on this recommendation. Discussions are ongoing on what proportion should go to the local authorities. No decision has yet been made on whether it should be 65%, 70%, 75% or 80%, etc.