Get ready to pay more for your property taxes in Quincy.
There was a lot of back and forth regarding the property tax hike at Monday night’s city council meeting. There was a lot of frustrations as well, because the city council was deadlocked in a tie vote more than once.
Aldermen weighed several different options so the city wouldn’t have to raise property taxes by 13.8 percent next year in order to fund police and fire pensions.
Alderman Mike Farha presented an option that would not raise property taxes. Instead, he said the city could cut expenses in order to fund pensions. Farha’s amendment did not pass.
“Fifty three percent of the people in Illinois are considering leaving,” said Farha. “The number one reason they’re considering leaving is, they can’t stomach and afford the property tax rates.”
Another amendment was proposed which would use $600,000 in surplus revenue to go to pensions.
Therefore, the city would only need to raise property taxes by about 5.25 percent to make up the difference.
After two tie votes, Alderman Dave Bauer ended up changing his vote to allow for the amendment to pass.
Alderman Jeff VanCamp was one of those who said the second amendment was the better option from the beginning.
“Nobody likes to raise taxes,” said VanCamp. “Nobody likes to pay property taxes. The fact of the matter is, our obligations as a city increase every year and we have to identify ways to keep up with those obligations.”
This increase means the owner of a $100,000 home would pay $14.77 more on property taxes next year. Sixty eight percent of the city’s portion of your property taxes goes towards police and fire pensions.