Mayor Sal Garza, Global Strategies Director Gary Camarano, and representatives from 10-12 of the region’s companies will take part in a trade mission to Indonesia.
Most of them will begin the trip on Monday, December 3. Garza will join them a day later after overseeing the December 3 city council meeting. Aldermen will be asked that night to approve the city’s 2013 budget.
Aldermen have a couple weeks to decide whether to allow a proposed hotel development to proceed on North Seminary Street at Highway 34.
Mayor Sal Garza said there is a great deal for aldermen to consider. He said development of the four-story hotel would create jobs, generate revenue for local governments, and it could spur further economic development in that part of town.
Galesburg Mayor Sal Garza is forming a 14-member task force to develop funding options for the city's pension funds.
“If it goes unchecked and unaddressed, we may find ourselves in the same kind of condition that the state of Illinois' overall pension system is in,” Garza said.
City leaders said the funding ratio has dropped over the past decade for the three pension funds in which the city participates. Garza said Galesburg will need to dip into its general revenues to pay pension obligations if something is not done.