Quincy City Council feeling more secure about finances
Wed, 30 May 2012 02:54:17 GMT —
Corporate Personal Property Replacement Tax, or CPPRT, provides about $3 million in funding in to the City of Quincy. That money was threatened by a recent house bill that could have cut funding to cities across the State of Illinois.
"Anything can happen in a short time frame, but I feel pretty comfortable right now that our budget would remain intact. Some of the potential reductions in operations that we might have been faced with, at this point, seem to be secure and we can follow through on our regular budget." Mayor John Spring said.
Last week the city council was not so confident. It tabled three resolutions for expenses to the city because of the threat of cuts.
"I tabled the issues last week because the future of our PPRT, which is funds that pass through the state back to municipalities, was in question. It seems that the state has made a determination that the amendments that are in question weren't being called for the question. I felt that it was okay for us to move ahead and we have to keep running the city regardless of what the state does but it seems like those funds are pretty safe," 3rd Ward Alderman Havermale explained.
Mayor John Spring made two trips to Springfield over a 10 day period, ready to testify against CPPRT cuts to local governments.
"Our written testimony and our oral testimony I think has helped the House realize that's not necessarily the way to go to pay for the teacher's pension." Spring said.
The House is adjourning Thursday but there is still a chance the bill could be called to question before then. The money from CPPRT would have been used to help fill the gap in teacher pension funding.