By MATT HOPF
Herald-Whig Staff Writer
Quincy City Council members had no comments Monday as the proposed 2012-13 tax levy ordinance was read for a second time.
The $5.655 million proposed levy is $39,000 less than the last two years.
The city would collect $1.896 million for firefighter pensions and $1.397 million for police pensions.
Under the proposed tax levy, $732,045 would be generated for the Quincy Public Library, and $1.58 million would be collected for bond payments.
The tax ordinance also includes $50,000 levied through the Historic Quincy Business District. The special service area applies to 382 properties in an area bounded by Third Street, 12th Street, Broadway and York.
The city is projecting a 0.2 percent increase in the equalized assessed valuation of property in the city, which is expected to generate a tax rate of 99.27 cents per $100 of assessed valuation. The tax rate for this year was $1.0027 per $100 of assessed valuation.
The levy will be up for a vote next week.
In other business, aldermen heard the second reading of the annual tax abatement ordinance and an ordinance that increases the city's capital budget by $60,000 for the money it received through the Safe Routes to School Program.
The City Council also:
º Approved an ordinance for a four-way stop at Ninth and Oak.
º Approved an ordinance creating a two-hour parking zone from 8 a.m. to 5 p.m. Monday through Friday on the south side of College Ave. starting at 12th Street and extending west 190 feet.
º Approved an ordinance banning parking on the north and east sides of South Park Terrace between its intersections with 12th Street and Cherry Lane.
º Approved a fireworks display for Dec. 31 at the Quincy County Club, 24th and State.