Commercial rates increased by 5 per cent for 2004.

The County Council has increased commercial rates by 5 per cent for the coming year. It was agreed unanimously at yesterday’s budget meeting to set a general annual rate on valuation of 66 euro 73 cents. This is an increase of over 3 euro on last year’s figureRates are the biggest source of income over which the council has control and account for 12 per cent of the council’s overall revenue receipts. The Minister for the Environment placed no cap on rate increases for the coming year and management say they believe the 5 per cent increase is most reasonable.