The costs of taking over Dún Laoghaire Harbour have already had a significant negative impact on the financial resources of Dún Laoghaire Rathdown County Council, according to the authority’s accounts for 2019. The cost of assimilating the staff and pension payments of the former Dún Laoghaire Harbour Company has added to the burden. “The deficit arose due to the transfer of Dún Laoghaire Harbour to the council,” the draft annual financial statement said. The last Government transferred the harbour to the council after a series of schemes to make the harbour pay came to nothing. Dún Laoghaire Rathdown’s 2019 expenditure budget amounted to €183,887,800 and the outturn included in the draft financial statement to be approved by councillors on Monday is for €190,572,884, reflecting an overspend of €6,685,084.

Source: The Irish Times July 06, 2020 06:45 UTC