Press release 10th November 2016
A survey of Limerick Chamber members has confirmed that rate payments have dramatically improved this year. The Chamber attributes this to improved performance across all sectors as confidence returns to the economy.
Speaking in advance of Limerick Chamber’s Retail & Hospitality launch on Wednesday 11th November, and Limerick’s local authority annual budget meeting on the 20th, Limerick Chamber CEO Dr. James Ring said “Businesses will fund 35% of Limerick’s local authority total income through the payment of €53m in commercial rates in 2015.
Speaking with our members we know that the payment of rates in the current period has drastically increased, reflecting the upturn in activity in the economy, particularly improvements in the level of employment in this region. A confidence and vibrancy is returning to the streets across our city and towns. We urge council to adopt policies that enable this business growth not hamper job creation opportunities”.
Acknowledging that many businesses continue to struggle with legacy commercial rate debt issues, Dr. Ring urged them to “to engage with the local authority and negotiate a repayment schedule”.
In advance of the Local Authority meeting on their Budget for 2016 Dr. Ring reminded elected representatives that “An increase in rates penalises those who are paying to subsidise those businesses that are not up to date with their payments.”
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For more information contact Edwina Gore
m| 083-4588466
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