COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL

MEETING OF SOUTH DUBLIN COUNTY COUNCIL

Monday, December 14, 2009

MOTION NO.2

MOTION: Councillor G. Kenny

Noting the government’s intention to establish the National Asset Management Agency (NAMA), this council calls on the Minister for Finance to reconsider the proposal. We believe that the establishment of NAMA will lead to ordinary taxpayers bailing out irresponsible bankers and developers, and to a high level of government borrowing which future generations will have to repay while billions of euros are being used to bail out the banks basic services, resulting in reduced funding to local councils for essential services.

As this council is gravely concerned that the resources used to bail out the banks will derive local councils of necessary funding to develop and run local services we hereby call on the Minister for Finance not to proceed with the proposed establishment of NAMA and urge the public to support the Dublin demonstration scheduled for 19^th September 2009.

REPORT:

If the motion is passed the members' sentiments will be conveyed to the Minister for Finance.