The Town of Normal is hoping to tighten the belt on its budget for next year by introducing an early retirement package.
The council unanimously passed the proposal on Monday, without any discussion. Town leaders introduced the idea as a way to cut personnel costs in the coming year.
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 says the town is working with less money, thanks to the end of the Metro Zone agreement and less in tax revenue.
“Clearly this isn’t enough in and of itself. There will be other things we’ll be looking at as far as the preparation of other expense reductions. Some o them will be temporary in nature. Other’s will be more permanent,” he said.
Peterson says the town doesn’t know how many, if any, will take the early retirement option. He says there’s no way to tell how much money the town will save through the program at this time.