Thursday, Apr 17, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Recent Comments

eaglebeaky - Two die in overnight house fire - Quincy, IL News - QuincyJournal.com
Does anybody know if there is a way to help out? If there's anything that has been set up to accept donations of any kind, please post it.
gizzard93 - Strawman: Honey, Have You Seen My Race Card? - Quincy, IL News - QuincyJournal.com
we sure as hell are not going to give up!
eaglebeaky - Voter rights, crime victim rights amendments set for fall ballot so far - Quincy, IL News - QuincyJo
Thank you qfingers!!!. There are countless reasons against anybody compiling a DNA database for any reason. Way too much room for errors, manipulation, and outright abuse.
eaglebeaky - Voter rights, crime victim rights amendments set for fall ballot so far - Quincy, IL News - QuincyJo
Interesting ideas, Cool Edge, thanks for sharing them. My only questions about the fingerprint idea would be how would that be paid for, and who would have oversight over the information? Also, should election workers really be expected to serve as CSIs? And finally, at this point I don't trust the post office to accurately deliver the mail anymore... Would we really want them involved in our…
eaglebeaky - Voter rights, crime victim rights amendments set for fall ballot so far - Quincy, IL News - QuincyJo
Hate to have to correct you, AYHSMB... but I was a Huntsman supporter last time.

Most Popular

Two die in overnight house fire Updated

Park Board to put new Wavering Aquatic Center question on the ballot

Man arrested following south side stabbing

Petroleum Marketers, C-Stores, fight proposed Illinois gas tax hikes Updated Video

City department heads attempt to justify budgets to aldermen

Home Builders, Illinois House look to weaken Fire Marshal authority

Preppers get ready for budget reality by begging for more

Voter rights, crime victim rights amendments set for fall ballot so far

City of Quincy proposing flat tax levy

City of Quincy proposing flat tax levy

2 years, 4 months ago by Bob Gough, QuincyJournal.com

Bulk of $5.69 million goes toward police and fire pensions

The City of Quincy plans to hold the line on the tax levy for the second consecutive year.

At Monday’s Quincy City Council meeting, the administration will present aldermen a $5.69 million levy for 2011 taxes. The proposed tax rate of $1.011 per $100 in assessed valuation is slightly lower than 2010’s $1.012.

The EAV for the City of Quincy is estimated at $562 million, an increase from 2010’s EAV of just under $559 million.

$5.69 million levy also includes $50,000 generated from the Special Service Area on properties within the Historic Quincy Business District that helps fund that organization.

The bulk of the levy goes toward the City’s police and fire pensions, although the City will pay less money into the funds than it did last year.

$1.9 million will go into the firefighters’ retirement fund. That’s $108,460 less than was contributed last year. $1.385 million will go into the police retirement fund, a decrease of $219,092 from last year’s contribution.

The City also pays into those levies from the Personal Property Tax Replacement revenue stream, with another $416,020 going into the fire pension and another $288,920 going into the fire pension.

Director of Administrative Services Gary Sparks said a change in the contribution laws allowed the City to pay less into the pension funds, but the city opted to pay more than the minimum contribution allowed by law.

In a letter to the City Council, Mayor John Spring said “…we will be able to meet all of our debt service as well as increase our police and fire pension’s annual contribution above the minimum actuarial required amounts. By doing this, we are not placing additional liability off for future Councils.”

The levy for the library is increasing by $82,914 to $793,804.

For the third consecutive year, no property tax revenue is levied for the City’s general operations. That $27.3 million in funding comes from other taxes and fees imposed by the City and the State of Illinois.


From the Newsroom

nichols120 on Twitter

nichols120 5 hours, 38 minutes ago

@ursadailynews @KHQARajah @KHQA keeping in mind that it did sink several years back and kill people
QuincyJournal on Twitter

QuincyJournal 16 hours, 33 minutes ago

OLC unveils 2014-15 budget - Budget is $36,000 higher with 3 percent pay increases for all full-time employees http://t.co/J3tf0gVdwm
Bob Gough on Twitter

Bob Gough 17 hours, 46 minutes ago

@Ben_WGEM I know QU needs guards badly, but don't tell me you can't find room for a stud like Tisdell.b
Bob Gough on Twitter

Bob Gough 18 hours, 9 minutes ago

@Ben_WGEM I was told they didn't need him. #whatever #beast