Thursday, Apr 24, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Recent Comments

pamarshall - City/Firefighters labor contract must be voted on again - Quincy, IL News - QuincyJournal.com
As the article states, a council member can renew the resolution bringing it up for another vote when everyone shows up...
pamarshall - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Since you're a small business owner, you probably don't have to deal with an union representing your employees. With them being unionized, they have a lot more pull than a single employee coming to you for a raise. You could tell your employee "no", they could either be understanding or they could leave your job and work for the next small business owner that provides raises. You tell…
pamarshall - Quincy City Budget hearings and Council meeting - Quincy, IL News - QuincyJournal.com
Anything costs less than that stupid debacle... Even the tearing down of the Newcomb cost less.
pamarshall - Video: Two GOP reps announce support for legalizing illegals - Quincy, IL News - QuincyJournal.com
If I recall, they are offering what's called "a pathway to citizenship" or "a pathway to amnesty". They can't get into legal trouble (aside from entering our country), they have to get an education, there's a lot of things they have to do in order to get amnesty. Another thing they can do is join our military. If they're willing to fight and die for our country, isn't…
yesqcy - City/Firefighters labor contract must be voted on again - Quincy, IL News - QuincyJournal.com
Wow, you got me thinking hard, which isn't hard to do. I m certain the council will have it figured out (surely), but since it didn't pass, doesn't someone that voted against it have to make a motion to bring it back to a vote and have to vote YES automatically? Or where am I dreaming that up from?

Most Popular

QPD investigating headstone vandalism

Woman arrested after police find abandoned child

Adams Co. Divorces for April, 18 2014

Aldermen approve transit and fire contracts Updated Video

Traffic stopped on Bayview Bridge after car crash

Body found behind Oak Street Mall

New Quincy trash system estimated to begin in January 2015

QHS now looking for Boys and Girls Basketball coaches

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

Bob Gough on Twitter

Bob Gough 2 hours, 12 minutes ago

RT @CatalystChicago: Barack Obama College Prep HS will be built on Park District property w/ $60mil in TIF funds & will open for the 17-18 …
Bob Gough on Twitter

Bob Gough 2 hours, 30 minutes ago

RT @CardinalsGM: Bartolo Cy Colon. #amazing... #STLCards
Bob Gough on Twitter

Bob Gough 3 hours, 56 minutes ago

RT @DanLucySports: Drury athletics director pat atwell confirming that Molly miller will take over team and be head coach next season
Bob Gough on Twitter

Bob Gough 3 hours, 56 minutes ago

RT @DanLucySports: Huber hired just last year to today after years as creighton assistant. He turned lady panthers around and took Drury t…