Terence Flanagan (Dublin North East, Independent)
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54. To ask the Minister for Finance the amount of revenue raised from the property tax in 2013; the amount of money being invested in local Government; and if he will make a statement on the matter. [54508/13]

Michael Noonan (Limerick City, Fine Gael)
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The amount received into the Exchequer at end-November 2013 under the heading Local Property Tax was €287 million. Section 157 of the Finance (Local Property Tax) Act 2012, as amended, provides that, in each financial year commencing with 2014, the Minister shall pay from the Central Fund or the growing produce thereof into the Local Government Fund an amount equivalent to the Local Property Tax, including any interest paid thereon, paid into the Central Fund during that year.

Accordingly, receipts from the Local Property Tax received in 2013 will remain in the Exchequer and will be used to meet the many expenditure obligations faced by the State. The allocation to the Local Government Fund for 2013 had already been decided before the Local Property Tax commenced.