Local News

City Treasurer: Police, Fire Pensions Could Be Fully Funded in Next Two or Three Years

It appears to be good news all around for the City of Clinton's levy situation like Monday night at the regular City Council meeting, City Treasurer Clint Lichtenwalter offered a very positive report.

 

Among the positives in the report was the fact the annual levy rate is decreasing. Additionally, the IMRF fund is doing well as it's only been about a decade since the City has been a part of that program.

 

 

Additionally, Lichtenwalter says the police and fire pensions are in exceptional shape. He reminds this is not a claim many communities at all in Illinois can make at this time. 

 

 

Lichtenwalter anticipates those funds being fully funded in the next few years. Commissioner of Finance Tom Edmonds noted the City has also not levied for the City's self-funded insurance fund.

 

 

The Council Monday night approved purchase agreements for out-lots on Illini Drive for the coming subdivision. They approved the purchase of new radios for the fire department and approved the hiring of the new City Administrator for the retiring Tim Followell. 

Townhall Top of the Hour News

Local Weather - Sponsored By:

CLINTON WEATHER

Local News

DeWittDN on Facebook