486. Deputy Joan Collins asked the Minister for the Environment, Community and Local Government in view of the fact that his Department, in a letter to the Sligo County Manager dated 2 November 2012, expressed concern at the accumulating deficit on the councils revenue account and stated that he would be willing to provide approval for the conversion of the council’s then existing overdraft of €7.5 million to a term loan, and further stated that such a loan would reduce the council’s banking costs and provide an opportunity for the council to reduce its overall debt levels, if his attention has been drawn to the fact that having converted the €7.5 million overdraft to a term loan, the county manager at a council meeting on 4 March 2013 sought approval for a new overdraft of €8.5 million; if his further attention has been drawn to the fact that Sligo County Council’s revenue deficit increased by a further €2.45 million in 2012; if he is of the view that the ongoing conversion of Sligo County Council overdrafts to term loans is sustainable; if he intends to approve the proposed new overdraft of €8.5 million; and if he will make a statement on the matter. [25684/13]

Summary

486. Deputy Joan Collins asked the Minister for the Environment, Community and Local Government in view of the fact that his Department, in a letter to the Sligo County Manager dated 2 November 2012, expressed concern at the accumulating deficit on the councils revenue account and stated that he would be willing to provide approval for the conversion of the council’s then existing overdraft of €7.5 million to a term loan, and further stated that such a loan would reduce the council’s banking costs and provide an opportunity for the council to reduce its overall debt levels, if his attention has been drawn to the fact that having converted the €7.5 million overdraft to a term loan, the county manager at a council meeting on 4 March 2013 sought approval for a new overdraft of €8.5 million; if his further attention has been drawn to the fact that Sligo County Council’s revenue deficit increased by a further €2.45 million in 2012; if he is of the view that the ongoing conversion of Sligo County Council overdrafts to term loans is sustainable; if he intends to approve the proposed new overdraft of €8.5 million; and if he will make a statement on the matter. [25684/13]

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Timeline

1. 28 May 2013

   Local Authority Finances

   486. Deputy Joan Collins asked the Minister for the Environment, Community and Local Government in view of the fact that his Department, in a letter to the Sligo County Manager dated 2 November 2012, expressed concern at the accumulating deficit on the councils revenue account and stated that he would be willing to provide approval for the conversion of the council’s then existing overdraft of €7.5 million to a term loan, and further stated that such a loan would reduce the council’s banking costs and provide an opportunity for the council to reduce its overall debt levels, if his attention has been drawn to the fact that having converted the €7.5 million overdraft to a term loan, the county manager at a council meeting on 4 March 2013 sought approval for a new overdraft of €8.5 million; if his further attention has been drawn to the fact that Sligo County Council’s revenue deficit increased by a further €2.45 million in 2012; if he is of the view that the ongoing conversion of Sligo County Council overdrafts to term loans is sustainable; if he intends to approve the proposed new overdraft of €8.5 million; and if he will make a statement on the matter. [25684/13]

   Source: written

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• Local Authority Finances

  xml · EN · 28 May 2013

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• Joan Collins · Asking member
• Environment · Environment · Addressed to

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