Friday, May 22, 2015
Quincy, IL News - QuincyJournal.com

Recent Comments

CordellWalker - LaHood / Flynn debates in question - Quincy, IL News - QuincyJournal.com
And how exactly does Flynn speak for his potential constituents when he hasn't lived here for years?
UJacks1 - QPD Blotter for May 22, 2015 - Quincy, IL News - QuincyJournal.com
COuld a Democrat explain how giving illegals a drivers license will guarantee the illegal, non American Citizen, will have auto insurance, when the above listed legal American citizens don't have it ?? It is obvious from the list of infractions that the legal American citizen does not know nor does he/she adhere to the Rules of the Road per Illinois. Will an illegal, who does not speak nor understand…
UJacks1 - Quincy School Board to re-bid QHS construction - Quincy, IL News - QuincyJournal.com
Of what value were the 'studies' we paid for ??
UJacks1 - Quincy School Board to re-bid QHS construction - Quincy, IL News - QuincyJournal.com
Sad thing is, those who voted 'yes' spend tax payers' money, probably don't pay property and school taxes, get their gasoline in W. Quincy, shop in Hannibal, or will die before the bills are ever paid off. Wonder how many of Qcy Comp and Titan employees will be moving away and how many of them voted yes for this project ??
UJacks1 - Baltimore reaches 100 homicides for year with overnight shootings - Quincy, IL News - QuincyJournal.
What is the Chicago count?

Most Popular

Quincy School Board to re-bid QHS construction

Local McDonalds changing hands QJ Original

Criders in court

National Study Quantifies Impact of Kroc Centers

Amtrak Train Possibly Hit Before Wreck

Real Estate Transfers May 11 thru May 15

Paid Ferguson protesters still waiting for the check

City to re-finance ’05 bonds

City of Quincy proposing flat tax levy

City of Quincy proposing flat tax levy

3 years, 5 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

QuincyJournal on Twitter

QuincyJournal 2 hours, 55 minutes ago

Illinois Companies Honored with President's 'E' Award http://t.co/qKNrro7isR
QuincyJournal on Twitter

QuincyJournal 2 hours, 55 minutes ago

What Can Be Done about a Water Shortage? http://t.co/nRIoNAuugc
QuincyJournal on Twitter

QuincyJournal 4 hours, 54 minutes ago

Walmart weighs in on antibiotics use in food animals http://t.co/rr0M3SwRQO
QuincyJournal on Twitter

QuincyJournal 4 hours, 54 minutes ago

Germanfest on June 6th http://t.co/536JsrcqqR