Mt. Vernon Register-News

December 17, 2012

Second reading on tax levy to be held

The council will also discuss putting energy aggregation on the April ballot

By TESA GLASS
tesa.glass@register-news.com

MT. VERNON — — The city council will hold a second reading on its tax levy ordinance during its regular meeting tonight.

Under the levy expected to be adopted, $180,685 will be levied for the parks and recreation department; $8,470 for the Emergency Management Agency; $85,981 for Special Service Area 1, also known as the downtown district. The largest amounts levied are for pension funds, with the Firefighters Pension Fund being levied at $790,688; Police Pension Fund at $686,593.30; and Illinois Municipal Retirement Fund at $668,950.72. The levies will not cover the entire amount of the pension liability as required, so the city is taking $197,113 from general corporate to complete the pension obligations. Pension obligations are determined at the state level, not locally.

The total levy will be $2,421,368.30.

Also on the agenda tonight, the council will discuss putting residential and small business energy aggregation on the April ballot. The question will allow voters to decide if they wish to allow electric aggregation in the city. If the question were to pass, those who do not want to be part of the electric aggregation could opt out of the program and continue on the same service they currently have.

In other business, the council will:

The council will meet at 7 p.m. tonight at the Rolland W. Lewis Community Building at Veterans Park.