The Town of Normal tightens the belt on its budget for next year by introducing an early retirement package. The council unanimously passed the proposal on Monday. The program is voluntary and gives certain employees financial incentives to retire early. Right now, there are 18 employees eligible. Afterward, the town will likely not fill those positions left vacant. City Manager Mark Peterson blames the shortfall on the end of the Metro Zone agreement and less in tax revenue.
Tuesday, September 19, 2017
Town of Normal to Offer Early Retirement to Some Workers
The Town of Normal tightens the belt on its budget for next year by introducing an early retirement package. The council unanimously passed the proposal on Monday. The program is voluntary and gives certain employees financial incentives to retire early. Right now, there are 18 employees eligible. Afterward, the town will likely not fill those positions left vacant. City Manager Mark Peterson blames the shortfall on the end of the Metro Zone agreement and less in tax revenue.
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