Danville is making progress on funding the police and fire pensions. Robert Reitz of Lauterbach & Amen presented an actuarial audit of the pension funds to the City Council Tuesday.
Reitz said Danville has improved the pension outlook in recent years by putting more funds in than the required amount.
Like most cities, Danville still has a way to go before reaching the state requirement of fully funding the pensions by 2040. But Reitz says at the current improvement rates, Danville should hit that goal in 17 or 18 years.
In other business, the city council approved an agreement to have four police officers in Danville schools. The school district will pay 75 percent of the salary for three officers, and 100 percent of the fourth. The officers will be at Southview, North Ridge, Bailey Academy and Danville High School.
Alderman also accepted a 1.4 million dollar grant from the state of Illinois and set up a budget line item for it. The grant will be used to repair homes across the city.
Council members also okayed buying a house at 842 Griffin Street for 52 thousand dollars. The house will be torn down as part of the Garfield Park renovation project.
