Alton residents should see little to no change in their tax bills following the city's approval of the proposed property tax levy last week. Aldermen spent a little more than a month waiting for an actuary to release the numbers for the police and fire pensions. Alton Comptroller Stephanie Elliott says those numbers came in about $700-thousand higher than last year and that the city has a plan to cover those costs.
The approved 2012 property tax levy should total just over $6.25-million. Elliott says that the newly approved levy is about increasing the efficiency of local government and that increasing efficiency will save the city money and jobs.
The Madison County clerk will set the final levy and resulting tax rate next spring.