Mt. Vernon officials try to stay ahead of pension funding - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Mt. Vernon officials try to stay ahead of pension funding

Leaders in Mount Vernon say they're trying to get ahead of the game when it comes to pension funds. Leaders in Mount Vernon say they're trying to get ahead of the game when it comes to pension funds.
Mount Vernon's city manager explained in detail why city officials felt it appropriate to propose a $2.3 million levy that hit the city council floor Monday night. Mount Vernon's city manager explained in detail why city officials felt it appropriate to propose a $2.3 million levy that hit the city council floor Monday night.
As Neibert explained, Mount Vernon is one of the most aggressive municipalities when it comes to pensions and does so even more than the state requires. As Neibert explained, Mount Vernon is one of the most aggressive municipalities when it comes to pensions and does so even more than the state requires.
MT. VERNON, IL (KFVS) -

Leaders in Mount Vernon say they're trying to get ahead of the game when it comes to pension funds.

Mount Vernon's city manager explained in detail why city officials felt it appropriate to propose a $2.3 million levy that hit the city council floor Monday night.  The proposal includes a 4.96 percent increase on property taxes for residents compared to last year.

City Manager Ron Neibert said a majority of that levy would go to help fund fire fighter and police pensions. As Neibert explained, Mount Vernon is one of the most aggressive municipalities when it comes to pensions and does so even more than the state requires.  Neibert said the city's goal is to be proactive with pensions, not move backwards.

"We don't want to pass on future obligations to different generations," Neibert explained. "We want to try and aggressively fund the pension obligations as much as we can within the reasonable amount we feel the taxpayers can support."

Neibert said he sees a few continuing problems with city pensions, fire and police in particular, but most of his issues revolve around legislation and amendments handed down by the state.

Of course, there's no way to break down just exactly how much each individual tax payer will be responsible for with this increase because the tax is based on property ownership and value.

Copyright 2013 KFVS. All rights reserved.

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