AQW 37958/11-15 Written question to the Minister of Finance and Personnel
To ask the Minister of Finance and Personnel for his estimation of the revenue that would be generated from a 1 per cent increase in the regional rate in the next financial year.
Asked by Stewart Dickson MLA on 24 October 2014
- Answered
- Written
- After due date
- Tabled
- 24 October 2014
- Answer due by
- 10 November 2014
- Answered
- 28 November 201435 days after tabling
- Department
- Department of Finance
- Priority question
- No
Answer
It is likely that in the region of at least £7m additional revenue would result from a 1% increase to regional rate revenue.
Almost the same amount of additional revenue would result from a 1% increase to district rate revenue when estimated at a Northern Ireland level.