Waterford City Council Announce 20 Per Cent Reduction In Commercial Rates

WATERFORD CITY COUNCIL ANNOUNCE 20 PER CENT REDUCTION IN COMMERCIAL RATES

Waterford City and County Councils were given a 4.3 million euro increase in their local government fund to offset the costs of their amalgamation which takes place in May.

Following the revaluation process – this money has been used to lower commercial rates in Waterford city to meet the Dungarvan level.

Mayor of Waterford is Fine Gael Councillor John Cummins.

He says a number of factors including amalgamation efficiencies, additional income from the newly established Irish Water and a significant increase in local government fund have allowed them to reduce rates by 20 per cent.