By: Diane Benjamin
The anonymous editorial writer at the Pantagraph jumped in this week to proclaim the greatness of Bloomington and Normal sharing Sales Tax.
Citizens are being set up!
Normal has 5 TIF districts that are costing them A LOT of money because revenues generated aren’t paying the interest and principle on all the bonds. https://blnnews.com/2016/03/17/the-tif-slush-funds-normal/
Normal has raised taxes on almost everything – maybe that’s why their businesses are moving to Bloomington.
The City of Bloomington is headed down the same road. Take out bonds to hand money to developers and hope enough money is generated to pay the bonds and interest.
Instead of rejoicing at possibly being able to take the taxpayers off the hook with all the new revenue flowing to Bloomington, Renner wants to subsidize Normal.
Bloomington residents will make up the difference!
Citizens in both towns will be taxed to death – the exodus will continue for those who can.
Figured out what limited government means yet?
Maybe the next mayor will be the one who clearly states the purpose of government. Being a developer and interfering with free markets wouldn’t make the list. They fail every time they try.
How are the roads? (Hint: that one would make the list)