The Monticello City Council is looking at multiple options to raise revenue amid the city’s difficult financial situation.
The council heard first readings on two ordinances: one that would increase in the insurance premium tax from 6% to 10%.
The other first reading was on an occupational tax on individuals who work in the city at 0.75%, which would bring in over $400,000.
Monticello Mayor Kenny Catron told the council without action layoffs would begin in October, loss of benefits could begin in November, and only department heads would be working as of January 1st.
