A baseline was set by the Government as the amount of funding each local authority needed. If the LPT did not meet that level, the money would be topped up from a central pot. The year taken to establish this baseline was 2014.
The choice of 2014, she said, took no account of whether that was a “typical year” for any local authority or the funding needs of a council in any given year when costs might rise. However, from this year 100 per cent of the tax will be retained in the council area where it is collected, with the Government topping up counties with low LPT receipts.
“The equalisation fund was removed and we all thought we’d get around €16-€20 million more, that didn’t happen because it was just substituted for other grants. So the Government funding model hasn’t generated the funds it was expected to and, I think, what citizens felt they would see in uplift in services.”
The Property tax racket is one of the biggest scams going.
Except it’s not spent locally but goes into a “pot” for everyone’s use even though some of us pay much more than others because of where we live.
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
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