2.5 million euro in funding has been announced for Clare County Council to compensate against a loss of rates revenue from Moneypoint Power Station.
The local authority was facing a funding shortfall of almost three million euro as a result of a revaluation of Moneypoint, a shortfall which could have forced it to cut services.
Now, however, the Minister for Local Government and Planning has confirmed that a significant portion of the losses will be offset by central government.
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Fianna Fáil Senator, Timmy Dooley was among a number of local politicians who made representations on the matter, and says it’s vital that the council isn’t forced to make cuts.
