645. Deputy Clare Daly asked the Minister for the Environment, Community and Local Government if he is aware that Sligo County Council submitted a new five-year financial plan to his Department on 29 April 2015; that the financial plan indicates that the council has borrowings of in excess of €23 million on which the council is only capable of paying the interest; that the council has had a deficit in its revenue account each and every year from 2008 to date; that the council’s cumulative deficit now stands at over €26 million, with long-term debt in excess of €100 million; that the financial plan provides for the repayment of principal and interest on council loans from 2018 onwards; that the chief executive of the council has stated that progress on the implementation of the financial plan will be reported to the council in the context of the monthly management reports; in this context, if he will include a binding condition in respect of any bailout funding that such progress reports on the implementation of the financial plan will be submitted to each monthly meeting of the council; if his Department has considered the contents of the financial plan; and if he will make a statement on the matter. [26371/15]

Summary

645. Deputy Clare Daly asked the Minister for the Environment, Community and Local Government if he is aware that Sligo County Council submitted a new five-year financial plan to his Department on 29 April 2015; that the financial plan indicates that the council has borrowings of in excess of €23 million on which the council is only capable of paying the interest; that the council has had a deficit in its revenue account each and every year from 2008 to date; that the council’s cumulative deficit now stands at over €26 million, with long-term debt in excess of €100 million; that the financial plan provides for the repayment of principal and interest on council loans from 2018 onwards; that the chief executive of the council has stated that progress on the implementation of the financial plan will be reported to the council in the context of the monthly management reports; in this context, if he will include a binding condition in respect of any bailout funding that such progress reports on the implementation of the financial plan will be submitted to each monthly meeting of the council; if his Department has considered the contents of the financial plan; and if he will make a statement on the matter. [26371/15]

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Local Authority Finances

  xml · EN · 30 June 2015

  ViewDownloadOpen at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.