Modest LPT Increase Will Deliver Major Projects For Sligo

Sligo County Council Chief Executive Ciarán Hayes has commended the elected members for making the difficult decision at the September meeting to introduce a modest increase in the Local Property Tax.

The increase of 15% in the LPT from 1st November 2019 to 31st October 2020 will result in a difference of under a euro a week for the vast majority of households in Sligo, and will yield in the region of €790,000.  This will enable the Council to provide the required matching funding for flagship projects around the county, supporting projects with an overall investment value of €20m.  These projects will create employment, boost tourism and make Sligo an attractive and inviting place to live, work and visit.  The additional funding will be applied on a county-wide basis, with each of Sligo’s three Municipal Districts benefitting from the investment.  The funding will also be used to leverage significant additional funding for older persons grants.

A range of important projects were allocated funding in 2019, including:

  • National Surf Centre of Excellence, Strandhill
  • The Yeats Trail
  • Coolaney Mountain Bike Centre
  • O’Connell Street enhancement
  • Waterpoint Enniscrone
  • Hawk’s Well refurbishment
  • Ballymote car Park

The Chief Executive said ‘Sligo is the capital and economic driver of the northwest, and the dynamic collaboration between statutory agencies, business sector and local communities augurs well for our future.  When Project Ireland 2040 was launched, it referenced Sligo’s capacity to enhance its role in the region.  The additional funding will see the delivery of long-awaited tourism and infrastructure projects in County Sligo.  There is a renewed energy, vibrancy and confidence in Sligo, and over the next few years I anticipate a vibrant Sligo city centre and enhanced communities throughout our county.’

LPT valuation band% categoryWeekly increase in LPT
0-100,000 44.2% €0.26
100,001-150,000 33.1% €0.65
150,001-200,000 16.0% €0.91

The table shows that over 93% of households in the county will have a weekly increase of under a euro arising from the increase in LPT.