Utility tax approved in Bloomington

By WEEK Reporter

April 29, 2014 Updated Apr 30, 2014 at 11:02 AM CDT

BLOOMINGTON, Ill. -- Bloomington residents will soon be paying more for their utilities.

Monday night, the city council approved a new 1.25-percent utility tax increase which finalized the 2015 budget.

The average resident will likely pay about $3.50 more a month.

Alderman Scott Black said the money will go straight towards funding police and fire pensions.

"The utility tax is going to be earmarked for pension funding," said Black. "It is not going to be for slush funds or for something people don't want. It's going to fund our first responders. It's going to be making sure that we are meeting our legal obligations to them and our moral obligations."

The utility tax is expected to bring in $1.7 million for pension funding in the first year.