Tuesday November 24, 2020

Conversation on city’s funding must start with LPT

Had councillors opted for a modest 5 per cent reduction in local property tax, no hike in commercial rates would have been necessary

1st December, 2019
Business owners are facing a 3 per cent hike in commercial rates. Grafton Street, Dublin. Picture: PA

As Dublin city’s elected councillors sanctioned a 3 per cent hike in commercial rates last week, business owners in the city reacted with a resigned sigh. For many of them – particularly SMEs – this is just the latest squeeze on their already tight margins.

The rates rise will take effect next year, arriving on the back of a 1 per cent increase last summer. It comes in addition to an average increase...

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