€6.5 million in loan repayments due next year by council

Mayo County Council will be spending €6.5 million in repaying loans due next year, it emerged this week. Independent councillor Michael Kilcoyne questioned the level of spending on loans the council would have to make next year at the October monthly meeting, when the councillors were discussing the Local Government Audit Service Statutory Audit Report for 2014.

Responding to Cllr Kilcoyne's question, Peter Duggan, head of finance for the council, said: "I have just the draft figures on local repayments for next year are in total about €9.4 million, of which €2.8 is directly recoupable from the Department, so the net cost is about €6.5 million for next year."

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