The Clinton Herald, Clinton, Iowa

Fulton

December 4, 2012

Fulton working to see growth

Taxes are low, but businesses aren’t biting

FULTON, Ill. — Low taxes could mean a better business environment, but city officials are trying to figure out if it is enough to draw in new entrepreneurs and homeowners.

Aldermen passed a tax levy ordinance for fiscal year 2013 for a total amount of $444,407.

The finance committee reviewed the amounts needed and recommended a 3.6 percent increase from last year, with no public hearing needed. This taxation applies to all taxable property within the corporate limits of the city of Fulton.

“It’s always a tough call, but I think it’s a prudent call,” Mayor Larry Russell said. “Houses are not selling for what they used to and we need to generate enough to build up our reserves again.”

The Equalized Assessed Valuation has decreased by approximately 3.2 percent from last year. Additional funds needed for Tort insurance will come from the general, water and sewer and marina funds.

“Our EAV will and can recover if we begin to realize housing, commercial or industrial growth,” City Administrator Randy Balk said.

Aldermen were in agreement on taking the approach.

“We want to be conservative to provide Tort Insurance,” Alderman Randy Boonstra said. “We’ve had a few businesses leave and none have replaced them yet.”

Bringing in a new business and some new homeowners isn’t enough, but a good beginning, according to Boonstra.

“We need more than a few houses,” Boonstra said. “We need to get more people to build here. We need more incentives for businesses and homeowners.”

Boonstra recommended creating an Ad Hoc committee to work with the Fulton Chamber of Commerce to look into strategies to promote growth. The city will continue to pursue economic development in a variety of ways including the recent partnership with the nearby Illinois cities of Morrison and Sterling to form the Northwestern Illinois Housing Coalition.

Other Actions:

· Aldermen approved an ordinance abating taxes levied for year 2012 to pay the principal of and interest on $2,353,000 in general obligation bonds. The tax heretofore levied for 2012 in the ordinance in the amount of $179,329 is hereby abated in its entirety for the city of Fulton, according to the ordinance.

· Aldermen approved a Christmas bonus for all city employees in the amount of $200 for full-time employees and $100 for part-time employees.

1
Text Only
Fulton
  • Cattail Slough closed due to high water FULTON, Ill. -- The U.S. Army Corps of Engineers Mississippi River Project announces that Cattail Slough recreation area south of Fulton has been closed due to high water levels. The recreation area will remain closed until it has dried out sufficie

    April 16, 2014

  • Fulton park photo Fulton council to pursue new park on donated land

    FULTON, Ill. -- An unexpected turn of events has offered Fulton leaders something they had been hoping to see in the river city-- a community park in the Third Ward. During a Fulton City Council meeting last week, City Administrator Ed Cannon announc

    April 15, 2014 1 Photo

  • AGENDA: River Bend CUSD Board of Education

    The River Bend CUSD Board of Education will meet at 6 p.m. April 22 in the District Office, Board Meeting Room.

    April 14, 2014

  • Fulton housing loan Program to assist Fulton resident FULTON, Ill. -- Brian Hollenback and Beth Payne delivered good news last week, traveling to seven cities, three counties and two states, ending their journey in Fulton. Hollenback, who is the Northwestern Illinois Housing Coalition president, and its

    April 14, 2014 1 Photo

  • Fulton's Ballard does it all MANILUS, Ill. -- Devon Ballard plays a big role for the Fulton Steamers, and he certainly excelled in his duties Wednesday as he threw seven innings on the mound and had three RBIs in a 11-3 over Bureau Valley. Ballard did not allow an earned run as

    April 11, 2014

  • DeBey building Program highlights newspaper's impact FULTON, Ill. -- A presentation Sunday will focus on the historical aspect of a Fulton newspaper. The program about the Fulton Journal will be held at 2 p.m. Sunday at the Fulton Museum, 707 10th Ave. Refreshments will be served. The Fulton (Martin Ho

    April 11, 2014 2 Photos

  • Coalition offers assistance to Fulton FULTON, Ill. -- One Fulton resident will receive assistance to refurbish their home from the Rock Island Economic Growth Housing Coalition in the form of a 10-year, $20,000 forgivable loan.. Fulton city officials were notified of the low-interest hou

    April 10, 2014

  • Rockridge tops Fulton EDGINGTON, Ill. -- In a game that saw five lead changes, Rockridge took the lead in the sixth inning, thanks to a three-run rally, and defeated the Fulton Steamers 6-4 on Tuesday in high school softball. Rockridge took a 5-4 lead on a wild pitch from

    April 9, 2014

  • Jones' pitching propels Fulton to win FULTON, Ill. -- Ethan Jones limited Riverdale to five hits as he pitched Fulton past Riverdale 7-2 on Monday in Three Rivers Conference baseball. Jones struck out 13 batters and did not issue a walk as the Steamers improved to 4-5, 2-1 in Three River

    April 8, 2014

  • Fulton officials approve unbalanced budget

    Expecting to find ways to either save or generate money to cover a $3,386 shortfall, Fulton city officials on Monday voted to approve the Fiscal Year 2015 budget despite it being unbalanced.

    City Administrator Ed Cannon projected the city will be able to make up that difference in the nearly balanced budget with additional savings or increased revenue, but if not, they will be forced to pay the remainder out of the general reserve fund, a decision some council members did not like.

    April 8, 2014