Local Property Tax Council Meeting
Expenditure Profile, €’M €275.00 €168.71 Total Proposed 2020 €120.00 Revenue & Capital Budget = €1.068’B €614.00 €518.78 €110.40 €401.32 Limerick City and County €80.20 €213.59 Council has gone from €59.81 €76.00 the 6 th largest local €16.96 €179.00 €170.80 €160.82 €157.67 €152.16 €148.11 authority in spend to the 2 nd largest . 2015 2016 2017 2018 Projected Projected 2019 2020 Revenue Expenditure HAP SSC Capital Expenditure 2
Budget Income 2019 (excl. HAP) Total Income: €171,125,642 Commercial Rates Grants & Subsidies 33% 26% €18.73’M Goods & Services 30% Local Property Tax 11%
2019 Outturn Challenges – Windfarm Appeals Subsequent Appeal to Initial Appeal to Est Arrears 2015 to the Valuation Tribunal Total Estimated Valuation Office 2019 Annual Cost = €1,005k Est Annual Cost = Annual Cost = €299k €3,531k €706k Summary • 10 Windfarm Appeals • 6 relate to SSE • First LA to object to a decision of the Valuation Tribunal • LCCC objection being held at Valuation Tribunal in October • Revaluation process was to be revenue neutral
2019 Outturn Challenges Analysis of NPPR Receipts €'M Non-Principal Private Residence €2.50 • Reduction in income from €1.58 €1.46 €1.46 N.P.P.R. Trend movement €1.20 from maturity to decline. €0.60 €0.25 2014 2015 2016 2017 2018 Projected Projected 2019 2020
2019 Outturn Positives • Commercial Rates income collection on target • Schedule of Municipal District Works progressing well: – Roads Maintenance / Housing Maintenance / Housing Support Services / Parks, Pitches & Open Spaces / Cemeteries • Prudent financial management, under ongoing review: – Projected to have balanced outturn for 2019 – Potential impact of windfarm appeals needs to be monitored
Local Property Tax • A self-assessment tax based on the owner’s own appraisal of the market value of the property. • Collected by the Revenue Commissioners. • Variety of payment methods available. • 80% of LPT retained locally, 20% of LPT re-distributed to provide top-up funding to local authorities with lower property tax bases. • Under section 20 of the Finance (Local Property Tax) Act 2012, a Local Authority may, as a reserved function, vary the basic rate of LPT by a maximum of +/- 15%.
Local Property Tax 2020 • The Public consultation process regarding the LPT was advertised both online and in the local media. • Submissions had to be received by the 16th August 2019. • Two submissions received via online questionnaire: 1. Requesting no change on 2019 2. Requesting an increase by the maximum 15% • Prepare report for Council meeting, setting out the matters to which the Council must have regard in making a decision on the LPT including the financial position of Limerick City and County Council.
Property Valuation Bands > €250,000 4.40% €200,001 - €250,000 6.10% €150,001 - €200,000 21.30% €100,001 - €150,000 32.20% €0 - €100,000 36.00% Valuation 01 02 03 04 05 06 07 08 09 Band Valuation 0 – 100,001 – 150,00 – 200,00 – 250,000 – 300,001 – 350,001 – 400,001 – 450,001 – Band 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 Base Rate €90 €225 €315 €405 €495 €585 €675 €765 €855 P/Annum
Comparison Limerick vs. Dublin 8.50% of properties in Limerick 2% of properties in Limerick City 89.50% of properties in Limerick City and County versus 53.40% City and County versus 25.10% and County versus 21.50% in in Dublin City in the first 3 bands in Dublin City in the bands 4 & 5 Dublin City valued over €300k 36.00% 32.20% 21.50% 21.30% 20.70% 20.10% 16.20% 12.60% 8.90% 6.10% 2.40% 2.00% €0 - €100,000 €100,001 - €150,000 €150,001 - €200,000 €200,001 - €250,000 €250,001 - €300,000 > €300,000 Limerick City and County Dublin City
Local Property Tax 2020 Summary € LPT 100% €15,731,940 LPT 20% towards Equalisation Funding €3,146,388 2020 Baseline €17,554,464 LPT Retained Locally (80%) €12,585,552 2020 Shortfall - € 4,968,911 Distribution of Equalisation Funding €4,968,911 Total LPT Funding to be Provided in 2020 €17,554,464
Impact of Variation of LPT (Householder) 0% increase on 2019 2% of (7.5% increase on base) properties valued 89.50% of properties 8.50% of properties >€300k No impact on the Householder €0.00 €0.00 €0.00 €0.00 €0.00 €0 - €100,000 €100,001 - €150,000 €150,001 - €200,000 €200,001 - €250,000 €250,001 - €300,000
Impact of Variation of LPT (Householder) 7.5% increase on 2019 Increase in income for LA: 2% of + €1,179,892.50 (15% increase on base) properties valued 89.50% of properties 8.50% of properties >€300k 21.30% of properties 45 cent per week 32.20% of properties 32 cent per week 36% of properties €37.13 13 cent per week €30.38 €23.63 €16.88 €6.75 €0 - €100,000 €100,001 - €150,000 €150,001 - €200,000 €200,001 - €250,000 €250,001 - €300,000
Works Completed 7.5% increase 2019
Additional Income from LPT Increase € 'K Local & Regional Roads / Traffic Management €516 Street Cleaning €220 Parks, Pitches & Open Spaces €140 Fire Service €100 Tourism Development & Promotion €151 Library Service €50 Total Additional Income from Increases in LPT (7.5%) €1,177,602
Roads Gully Inlets The increase in the LPT has facilitated an increase in the amount of Gully Inlet works being carried out on Regional & Local Roads throughout the three Municipal Districts. This has allowed removal and discharge of surface water from the road network throughout the district resulting in a safer road network
Surface Dressing Works Roads Mountshannon Road, Lisnagry
Surface Dressing Works Roads New Roadway under Construction at Thomas Street, Rathkeale
Footpath Upgrades Footpath, and open space rehabilitation in conjunction with road reconstruction Roads Busy pedestrian thoroughfare Corbally Road Main Street, Kilmallock Key areas such as Footpath Repairs / Upgrades are not specifically grant aided and are funded from general maintenance / own resources. Consequently the increased money from LPT in 2019 has facilitated footpath repairs and footpath works ancillary to road improvements that otherwise would not have been possible. Glenfield, Kilmallock
Footpath Upgrades Significant pedestrian footfall - event and school\commuter related Roads Residential private housing and event Thomond Park related improvements Gaelic Grounds, Clareview LA Housing Estate Ballinacurra
Footpath Upgrades Roads Currently ongoing Woodlawn Drive, Dooradoyle Residential private estate & thoroughfare Springfield Drive, Dooradoyle Ashill, Kilmallock
Footpath Upgrades Roads Before The Crescent After
Additional road & footpath rehabilitation and surfacing works Additional Roads improvements to junctions, access roads, pedestrian facilities, traffic management Main Street, Caherconlish- During Main Street, Caherconlish- After
Additional road & footpath rehabilitation and surfacing works Bruree, Cappamore – Kilmallock MD Broadford, Newcastle West MD Additional Kerbing, Footpaths, realm improvements, Semi-rural pedestrian connectivity- Footpaths Bring bank bays, etc. upgraded in advance of overlay to provide full width rehabilitation
Street Cleaning In order to maintain the city centre streets we employ an external contractor who applies a combination of high heat and lance power jetting to remove gum and grime from the streets. Roads Our street sweepers were deployed to the approach roads on a number of occasions, as well as to private estates. This was additional work to their normal work load
Parks, Pitches & Open Spaces We were able to implement an extensive weed maintenance programme throughout all the council housing estates , as well as on the public roads, footpaths, kerbs etc. LCCC manages 12 playgrounds, 6 MUGA’s (Multi-Use Games Areas) and 6 sets of Adult Exercise equipment, all of which requires regular maintenance, servicing and parts replacement.
Housing Estates 8 housing estates have been taken in charge in the city and county in 2019 to date. These estates require weed spraying and green space maintenance which is additional work to our pre- planned schedule. Grass Cutting LCCC currently manage approximately 600 acres of green space, with the majority of the works carried during the summer months.
Upgrade of Training Appliances €20,000 Fire Service Refurbishment of Drill Tower, Mulgrave Street €30,000
Maintenance and Repairs €10,000 Fire Service Hazardous Materials Training Course €15,000
Fire Service Purchase of Thermal Imaging Cameras for Training and Operational Use €10,000
Fire Service Purchase of Equipment for Dealing with Road Traffic Accidents involving Trucks and Heavy Goods Vehicles €15,000
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