Jan O'Sullivan (Limerick City, Labour) | Oireachtas source

The intention is that 80% of income from the property tax will be retained within the local authority to which it is paid, with an equalisation thereafter to ensure smaller councils do not lose out. In other words, local authorities will be paying most of the moneys raised to themselves. I do not intend to be prescriptive in terms of how they should pay for the element of it that relates to their own housing stock. The fact that they will be retaining 80% of what they take in will mean it is a relatively small amount in the overall scheme of things. We will not be issuing a diktat that these moneys must be taken from tenants.

I thank Senators for their contribution to the debate.