The Commissioner of Public Finance for the City of Clinton spoke before the Clinton Rotary Club Tuesday afternoon addressing the State's budget and it's impact on Clinton.
Sweeping funds is nothing new for the State of Illinois and Tom Edmunds points out the latest fund sweep comes from the Corporate Personal Property Replacement Tax, or CPPRT.
Edmunds points out the collection of sales tax monies is going to change. He calls the original presentation of the change 'misleading' and indicates the City now has to pay a 2% fee on $330-thousand in revenue.
Local pensions were impacted by the budget as well. Edmunds explains the community has been very diligent in fully funding first responders pensions.
Edmunds says the state still hasn't addressed their own pensions or the property tax freeze and speculates more changes in the years ahead.
