The contributions are paid to local authorities by developers when they build residential or commercial buildings
They are based on the size of the property and levied per square metre. For example the current charge in Fingal in Dublin is €121.34 per square metre. The charges vary widely across the country – for example in Cork City they are €50 per square metre and in rural areas they would typically be lower again. The local authority has to outline where it intends to spend the money under broad headings, and agreeing this is a function of local councillors.
The Government will pressure builders to do so but can’t make them, bar threatening to bring levies back in. They will argue that builders will want to sell their properties and so will cut the prices on offer. However, in the case of apartments, in particular, builders argue that costs currently make it uneconomic to construct them – and so they may seek to take some of the gain back. Either way the Government will argue that it will get more houses and apartments built.
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