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