De Immigrant Windmill

City Council Special Budget Workshop Agenda March 21, 2015

Budget Workshop
March 21, 2015
8:00 AM

1. Call to Order

2. Roll Call

3. Pledge of Allegiance

4. Communication from Visitors

5. Items for Consideration:

A. Employee Health Insurance

  • Summary: Employee health insurance renews April 1st. Options will be discussed for selecting health insurance policy and employee shared contributions. Provider must be notified of selection by Monday, March 23rd.
  • Action: Approve 2015 Health Insurance policy and employee contribution levels

B. Utility Tax Rate

  • Summary: Fulton established a 2.5% Municipal Utility Tax on natural gas and electricity in 2010. Illinois statutes limit utility tax rates to 5%. Fulton’s Utility Tax generates $123,000 and represents 7.8% of Fulton’s General Fund revenues. Raising the Utility rate to 4% will generate approximately $75,000. All Utility Tax revenues support municipal operations.
  • Action: Discuss options for changing Fulton Utility Tax ordinance

C. Public Hearing date

6. Adjourn