City council owed €380m by debtors – National News – Independent.ie
The country’s biggest local authority, Dublin City Council, is owed a massive €380m by various debtors — and a new report urges that rents be deducted directly from social welfare payments paid to 70 per cent of its tenants.
Projecting an income of over €72m from 24,000 tenants this year, which is described as the single most important source of council revenue after rates, the report said direct deduction at source from social welfare payments will “result in substantial savings and efficiencies”.
The report from the City Council Finance Department says that despite the current economic circumstances of tenants “rent arrears have stabilised for 2010-12”.
Posted on September 16, 2012, in Local politics and tagged Dublin City Council, Government, International Monetary Fund, Ireland, Leasehold estate, Local government, Scotland, Welfare. Bookmark the permalink. Leave a comment.