It’s time for La Salle to tighten its belt, at least that’s what the chairman of their finance committee is stressing. The city has $9.5 million in unfunded police pension liability, a point Alderman Tom Ptak wants to make clear.
The 2013 tax levy approved by the city council Tuesday night is a 4.83% increase over last year’s. Ptak says they need to cut spending somewhere or they’ll be forced to raise the levy next year to cover the police pension fund.
None of the other aldermen disagree. Alderman Jim Bacidore says they can watch their spending but many of the city trucks are old and will need to be replaced.
La Salle receives most of its money from property taxes. Equalized Assessed Valuation was estimated to be down from last year.