Eoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

I thank the Minister of State for his response and the clarification. I accept that the valuation process is fully independent and the consequences for the local authorities arise from that. What contacts have there been between the Minister of State and all of the eight local authorities that are going to experience a significant loss of revenue arising from the revaluation?

Could the Minister of State provide more information in terms of the once-off compensatory payment for the two local authorities? To put this in context, if one looks at Dublin City Council, for example, it has lost almost half of what would have been the compensation fund of €14 million previously only to get €5 million now. South Dublin County Council is losing two thirds of what it had received. It is losing €4 million and it will only get €2 million of what was previously €6 million. The neighbouring local authority of the Minister of State, Waterford City and County Council, is losing €3.5 million, which is a significant loss of revenue for a relatively small local authority with a low rates base and income source. Could the Minister of State provide more detail in terms of his contacts with all eight local authorities and more information about the once-off compensatory payments to the two local authorities he mentioned?

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