‘Extraordinary’ improvement in Sligo council’s finances

Sligo County Council is seeing a dramatic turnaround in its financial situation.

Chief Executive Ciaran Hayes told a meeting of council this morning that a €23m deficit built up in the seven-year period to 2014 had now been turned around into a €2.8m surplus.

The change in the financial situation is as a result of severe cost-cutting which has resulted in a dramatic reduction in staff.

There’s also now a new focus on increasing revenue from various sources and Mr Hayes said that in relation to rates, for example, they had identified cases where arrears could be paid.

He said they would be following up on these ‘vigorously’ and ‘legally if necessary.’

Speaking to Ocean FM News this lunchtime, Mr Hayes described the council’s financial performance as ‘extraordinary.’: