AQW 17287/22-27

Ms Kellie Armstrong
Alliance Party
Strangford

Tabled Date: 23/10/2024
Answered On Date: 28/10/2024
Priority Written: No

Question:
To ask the Minister of Finance to detail any estimate that has been made on the amount of income that would be generated if the removal of rates exemption for university accommodation is progressed as part of her budget sustainability plan.

Answer:

Any removal of the stated exemption would raise around £2M in revenue, shared between the Executive and District Councils.

No decision has been taken on the removal of this measure.

As a general rule, any revenue savings from rating support that is removed would be a matter for the Executive to decide in line with budgetary processes.