The organisation representing over 400 business in Galway employing more than 20,000 staff has come out strongly against the suggestion of an increase in commercial rates. The City Council’s draft budget has recommended an increase of 1.75% which would bring in an additional €780,000 over the course of a year.
Dave Hickey, Galway Chamber President outlined that “Galway Chamber had supported the 3% increase in commercial rates supporting Galway 2020 which is due to expire next year”. He added that “the Chamber supports the proposed continuance of this 3% but that the monies be ringfenced to stimulate economic development and enterprise activities. An additional increase of 1.75% cannot be sustained by business and will translate to job losses and increased pressure on already stretched businesses”.
Specifically, in relation to Galway City, the Chamber believes that an increased focus on job creation and enterprise is urgently required along with immediate action on Galway’s ever-worsening traffic congestion – which is having a severe adverse impact on the city’s ability to attract investment.
Key to future success of Galway City and Galway County and growth of income from commercial rates is the support and attraction of enterprises.
Local authorities must seek to increase revenue from new enterprise and not further taxation of incumbent enterprises. Galway Chamber will continue to work with all stakeholders in attracting and supporting new enterprise establishing in the city and county.
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