City of Clinton Council met Dec. 3.
Here is the minutes provided by the council:
On roll call Commissioners Edmunds, Crang, Wise, Ballenger and Mayor Cyrulik were present.
Mayor Roger Cyrulik opened the public information session. Commissioner Edmunds turned the hearing over to Clint Lichtenwalter, City Treasurer. He reported the total levy amount is $1,886,684 with the total equalized assessed valuation of approximately 69 million. The tax levy is proposed to be increased by 4.2% increase and the actual rate being a .79% increase. The Police and Fire Pension switched Actuaries this year.
Commissioner Edmunds stated that the City’s Self-Funded Insurance is doing well so the City shifted the reinsurance amount they previously levied to the Fire Pension Levy in an attempt to get them to 2.5 million, which will give them expanded investment authority.
Mayor Cyrulik asked for any comments by the Council or by those attending the hearing. Hearing none, motion was offered by Commissioner Ballenger and seconded by Commissioner Wise to adjourn the hearing. On roll call vote, Commissioners Crang, Wise, Ballenger, Edmunds and Mayor Cyrulik voted “Yes”.
http://www.clintonillinois.com/wp-content/uploads/2013/07/Minutes-2018-12-03.pdf
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