January 1985 - £7m City Council expenditure likely, as rates set to go up

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Derry City Council’s expenditure for the coming financial year may be in the region of £7m and that could mean the district rate - the portion of the total rates fixed by the Council - could go up to about 4 pence in the pound or roughly 8 per cent.

Last year the district rate increase was held to 2.6 per cent, the lowest in Northern Ireland, by a stringent pruning of costs. But this year, with several projects concerned with city developments facing the councillors, the task of keeping district rates to the 5 per cent inflation rate looks a mammoth task.

Already initial estimates have been pruned at committee meetings and further economic axes will fall before the recommendation of the Finance and General Purposes Committee.