Commercial rate increase approved in Kilkenny
The 2025 budget has been adopted by Kilkenny County Council
A commercial rate increase of 4% was approved as the 2025 budget was adopted by Kilkenny County Council at the statutory budget meeting earlier this month.
This is only the second time that commercial rates have been increased since 2008.
The prompt payment discount has been increased to 8.3% (capped at €300 per rate account) from 5.8%.
According to the local authority, the increase in the prompt payment incentive for commercial rate payers would mean that the net increase would be less than 2% for the majority of rate payers if they avail of the prompt payment discount.
The total estimated expenditure for 2025 comes to €120.5m which is 9.4m (8%) higher than the comparable figure for 2024.
The budget includes increased expenditure allocations across housing, local roads maintenance, economic development, tourism, community, climate change, town regeneration, fire service, libraries and parks/open spaces.