Fianna Fáil TD for Cavan-Monaghan Niamh Smyth has urged the government to progress the Local Government (Rates) Bill 2018 which would see changes to the rates system which base what commercial rates are payable by businesses.
Deputy Smyth commented, “The government have their rates Bill languishing at Committee Stage while businesses across our country are struggling to meet the increase in rates fees.
“In the last two weeks businesses across Cavan and Monaghan have received letters from the Valuations Office to largely inform them that their already struggling businesses have received increases on their commercial rates.
“Business owners have mobilised in reaction to these increases from the Valuations Office. They are massively concerned. I have attended public meetings organised by local businesses in Kingscourt and Castleblayney.
“The increase for business is completely unsustainable and will put people out of business. One business has contacted me, and the owner has reported a 344% increase in their rates bill. Another business has told me their rates will go from €9661.29 to €27370.00 overnight.
“Businesses in towns such as Cavan Town, Kingscourt, Castleblayney, Mullagh, Bailieborugh, and small towns need support, not obstacles put in their way,” concluded Deputy Smyth.