Top twenty Donegal businesses pay €6.8m in commercial rates

The ESB is the biggest contributor rates in the county and paid more than €2.62m to Donegal County Council

By Declan Magee

Reporter:

By Declan Magee

Email:

declan.magee@donegaldemocrat.com

Top twenty Donegal businesses pay €6.8m in commercial rates

The top twenty rates customers in Donegal pay 22 per cent of the county’s commercial rates, today’s budget meeting in Lifford was told.

The ESB is the biggest contributor rates in the county and paid more than €2.62m to Donegal County Council.

The other contributors in the top 20 pay between €561,395 and €107,000.

The top 20 customers paid more than €6.8m to the council’s coffers last year.

The companies that pay the most to the council in rates includes five hotels, four wind farms, four telecoms companies, three retail groupings, two development companies and one manufacturing company.

Figures were supplied by the council to the annual budget meeting by the council’s director of finance, Garry Martin.

Mr Martin said a substantial number of properties pay less than €4,000 in rates and 75 per cent pay between €4,000 and €5,000. A total of of 5,390 properties in the county pay commercial rates.

Income from commercial rates will account for more than €30.5m of the council’s budget for next year.

The council says 70 per cent of all commercial businesses will see a marginal reduction in rates for next year.