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It’s April 10th 2011 and the sun is beaming brightly over our Tipperary landscape, spreading 21°C of warmth, on this the 3rd anniversary of the visionary prediction’s of Fianna Fáil’s Mr Donie (Daniel) Cassidy, who in 2008 warned the Irish Nation that house prices would increase by at least 25% higher than then existed in 2008.
Happy ‘Donie Cassidy Day ‘ to all you property speculators, who now feel that those of us who were careful with our spending, should now pay for your extravagances.
From a local perspective, a report in the Irish Independent claims that Tipperary North TD Michael Lowry has been at it again, striking secret deals with two former Taoisigh. During his time propping up the Fianna Fáil governments of Bertie Ahern and Brian Cowen, the Tipperary North TD was given the task of doling out three positions on State Boards to his favourite supporters. Of the Ministers in cabinet at the time, only the two Taoisigh knew the full details of these special deals. Mr Lowry defends controlling these three posts he was allocated. It appears that unlike the filling of other public situations vacant, a nod and a wink from a politician can replaced PublicJobs.ie and the usual basic requirements to attend for interview with updated Curriculum Vitae.
Speaking of salary’s and expenses, readers note that more cuts to Social Welfare look likely, after Department of Finance briefing documents indicate that savings will have to be made on welfare expenditure. The documents are understood to state that there is little justification for high earners receiving social welfare, through children’s allowance. Payment of half-rate Job-seekers Benefit or Illness Benefit to recipients of One Parent Family Payment will also come under the microscope. Social Welfare accounts for almost 40 % of all money spent by the Irish state, with €20.6 billion now set aside for social welfare expenditure this year. Meanwhile the head of Eircom will continue to receive his salary of approx €720,000 this year, head of Anglo Irish Bank, latter which lost €17 billion in 2010, will be paid approx €974,000, head of Rehab will receive around €450,000, and head of Aer Lingus will receive -well who really cares knows or cares anymore.
Other Good News.
There is however good news for 30,000 over taxed daily motorists using Dublin’s Phoenix Park. In an effort to impress Queen Elizabeth II, the Office of Public Works is to spend €92,000 to fix the gaping potholes. Rural commuters expect delays as this urgent work begin on Monday lasting for eight to ten days. Gaping craters in Tipperary have not as yet been deemed sufficiently matured enough, to warrant any immediate attention.
One bit of other good news for some lucky individual, this weeks ‘Mid-week Lotto ‘ is heading for €4.5m.
Take risks… if you win, you’ll be happy… if you lose, you’ll be wise.
 Dole Queue
The towns of Thurles and Roscrea both recorded very slight decreases on the live register in North Tipperary between February and March last. The live register figure have fallen from 3,006 to 2,995 in the case of Thurles and from 1,455 to 1,450 in the case of Roscrea.
However the number of people signing on at Nenagh Social Welfare Office have now passed the 3,000 mark and now stand at 3,021 up from 2,996 at the end of February last .
According to updated figures from the Central Statistics Office, there are now a total of 7,466 names on the live register in North Tipperary, and the March overall totals represents a slight increase from the February figure of 7,457.
There are now 1,475 people under the age of 25 signing on in North Tipperary.
Overall county totals show that 4,648 unemployed are male, while the female figure has now increased to 2,818, with three times as many women as men being added to the live register over the last month.
The National Total at the end of March stands at 442,000, or an increase of 1,100 from February, having fallen in the previous two months.
 Summer Works Scheme
A total of 21 Tipperary Schools, 10 of which are in North Tipperary, to date have benefited under the Summer Works Scheme, the closing date for receipt of applications for which was 21st January 2011.
The cost of engaging professional advice to prepare a technical report for such applications has to be met, in full, from a school’s own personal resources.
Local Schools to benefit are:- Two Mile Borris N/S Thurles, Borrisoleigh N/S, St Josephs College Borrisoleigh, St Anne’s Special needs School Roscrea and Scoil Naisiunta Na Maighne,Thurles.
For a list of successful projects under this 2011 Summer Works Scheme please Click Here
The purpose of the Summer Works Scheme is to devolve funding to individual school authorities to undertake small-scale building works which, ideally, can be carried out during the summer months or at other times, thus avoiding disruption to the daily operation of the school. Under the terms of the Scheme, school authorities are empowered to manage these works with guidance from, and minimal interaction, with the Department of Education.
Funding of €41.2m under the summer works scheme should see major improvements undertaken in primary and post primary schools around the country.
 New Tesco Development, Roscrea
A major Israeli investor, trading as RAVAD Ltd, is to invest €13m in a new Tesco store in Roscrea, Co Tipperary.
This property investment company is to ‘forward purchase’ the new Tesco store in the newly redeveloped town centre in Roscrea. Ravad plc, which is listed on the Israeli stock market, is to pay the €13 million for the 4,273sq m (45,000sq ft) supermarket in a deal that will show an expected return of 7%.
RAVAD Ltd and an unknown buyer acquired the 2.5 acre lot in County Tipperary from Tesco PLC on October 17th, 2010, with Ravad Ltd. acquired a 50% stake for €6.6 million. The other buyer acquired the remaining 50% stake.
Tesco will build a 4300 square meter supermarket on the lot and will lease back the premises for 15 years.
This sale may now encourage the National Asset Management Agency (Nama) to proceed with the disposal of some of the many Irish retail property assets presently under their control, following it’s ‘purchasing in’ of numerous distressed loans, all of which were acquired at substantial discounts.
The present Government has already indicated that it wishes Nama to proceed with its planned disposal programme. While the Tesco brand undoubtedly has a broad appeal among international investors, this decision by a major player, like Ravad Ltd, to invest in a provincial town in Ireland, will certainly take the Irish property market by surprise.
Currently under construction, this new store is being built above a 224 vehicle parking space area.
 The Source Arts Centre
The arts here in Co Tipperary are set for a major financial boost following the announcement of nearly €400,000 in funding from the Arts Council.
The Arts Council has confirmed it will invest in five Tipperary organisations around the county, based on their already proven track record to date.
The organisations to benefit are as follows:-
Source Arts Centre Thurles, who will benefit to the tune of €65,000.
North Tipperary County Council Arts Office,who will receive €105,000.
Clonmel Junction festival, in South Tipperary, who will receive €118,750.
South Tipperary County Council arts office, to receive €69,358.
Tipperary Excel Heritage Company, who will benefit to the tune €37,500.
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