HUNDREDS OF GALWAY BUSINESSES USING PAYMENT PLAN FOR RATES

Date Published: 18-Sep-2012

239 businesses across the city with 9 point 27 million euro worth of commercial rates have been placed on payment plans.

Meanwhile, in the county around 25 percent of businesses are using an instalment system for rates.

The County and City Managers’ Association (CCMA) report also reveals that Galway City Council has restructured its finance section, with eight staff working directly with businesses in difficulty, to develop business plans.

The report finds that Galway City Council has foregone revenue estimated at zero point 6 million euro as a result of freezing or reducing rates in 2011.

It also reveals that the city council has restructured its finance section, with eight staff working directly with businesses in difficulty, to develop payment plans.