A 0.5% reduction in the commercial rate has been unanimously agreed by all of the city councillors, following its proposal by Cllr Diarmuid Scully.
The €153,311 saving to pay for this comes from a reduction of that amount in the provision for lump sum payments to retiring members of City Council staff.
Cllr John Gilligan had proposed an increase in the rate by 1% to fund repairs to the water supply in St Mary’s Park but withdrew his proposal when he was given an assurance by the city manager that St Mary’s Park would be dealt with as a matter of priority within the existing budget.
Cllr Joe Leddin, who proposed a reduction of 1% in the rate, failed to identify any savings and did not get a seconder to his motion.
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