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Tag Archives: council overdraft

concern over €30 million council overdraft

Concern has been expressed about the scale of a €30 million overdraft for Clare County Council, which was approved at a recent local authority meeting. This comes as the council has to deal with a potential deficit of €19.7 million as a result of the collapse of economic activity during the Covid-19 pandemic. Having raised questions about the financial impact of Covid-19 on the local authority’s income, Councillor Pat Hayes said the size of this overdraft showed how the authority’s finances are under serious threat. Councillor Hayes is concerned the council will lose a lot of income as a result of the lockdown from commercial rates, the Cliffs of Moher and parking, which should result in equivalent funding from the government to prevent cutbacks. He said continuing with a €30 million overdraft over the coming years is not sustainable on an ongoing basis without additional government financial support. “There is a major headache for local authorities in the future in …

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