Oireachtas Joint and Select Committees
Thursday, 25 June 2015
Public Accounts Committee
2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 25: Environment, Community and Local Government
Chapter 5: Central Government Funding of Local Authorities
Special Report No 84: Transhipment of Waste
10:00 am
Mr. John McCarthy:
Indeed Chairman, but I wish to go through the debt situation in Sligo. The total loan book in Sligo is about €120 million, €30 million of which is housing related loans, which goes back to the issue I mentioned earlier about revenue collections on the housing side. There are water loans of about €18 million, which will be dealt with. There are loans connected to the local authority offices amounting to €12 million and there are debit balances and other capital account projects of €22 million. Clearly there are some solutions in sight with regard to some elements of the debt but there are other elements that were not visited on Sligo local authorities by central Government.