Seanad debates
Wednesday, 8 October 2003
Benchmarking: Motion.
My party colleague, Deputy Allen, has established that the figure of €125 is the amount of money every residence in the country will have to pay to meet the €1.2 billion cost of the full implementation of benchmarking. The special savings incentive scheme, which many regard as controversial, costs €550 million annually whereas benchmarking will cost €1.2 billion. It must also be borne in mind that, according to Government estimates, we could afford to pay for an underground in Dublin within three years if the €1.2 billion for benchmarking were not spent.
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