City of Clinton City Council met Dec. 2.
Here is the minutes provided by the council:
Minutes of the Public Hearing for the Annual Levy of the City Council of the City of Clinton, Illinois in session in the Council Chambers of City Hall, Monday December 2, 2019 at 6:45 p.m. On roll call Commissioners Edmunds, Buchanan, Wise, Ballenger and Mayor Cyrulik were present.
Mayor Roger Cyrulik opened the public information session. Commissioner Edmunds reported according to the Supervisor of Assessments the annual EAV increased just over 3%. There are credits on that because of the Homeowners Valuation and Senior Exemption and the levy is based on the 3.05% for the purposes of truth and taxation. We are not required to do truth and taxation or to hold this hearing since we are not over 5% but the City likes to hold the hearing anyway. If you take what the City is levying this year it comes to an effective tax rate of.21 or around 1/5 of 1%, which is not much of a change. One thing the City is doing which is a major change and that is where as the dollars would be the same the City is switching those from the Social Security levy to the Fireman’s pension fund because the Fireman’s pension fund needs to be increased substantially to take advantage of better investment opportunities if we get over two million dollars and we are taking that from the amount that would have gone to the Hospital in Social Security but they have an exceptionally good cash position, which is better than it has been in several years.
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 Buchanan to adjourn the hearing. On roll call vote, Commissioners Buchanan, Wise, Ballenger, Edmunds and Mayor Cyrulik voted “Yes”.
https://www.clintonillinois.com/wp-content/uploads/2019/12/Minutes-2019-12-02.pdf