By: Diane Benjamin
Local Sales Tax in both Bloomington and Normal was raised 1% as of last January 1st.
Do you remember being told that 1/4% would go to the County for Mental Health?
The below is from Book 1 of the 2017 Bloomington budget – page 384 http://www.cityblm.org/index.aspx?page=21&parent=9844
10% of net proceeds equals one-quarter of a percent?
If you spend $100, it will cost you $101 just for the added 1% Sales Tax.
1/4% is earmarked for mental health.
Instead of 25 cents, the County gets a dime?
Has Common Core math taken over?
Here’s the original plan: http://www.cityblm.org/index.aspx?page=618
The tax will raise $9.6 million for Bloomington. (Note to Tari: Money YOU are taking out of the economy)
$2.4 million will go to the County. Gee, $9.6 times 25% = $2.4
Of course the $2.4 million is GROSS, not Net.
David Hales loves to add his fee to every department for Administration.
How much is Net? How much is the City taking for overhead? How much is the County really getting? How much is the City pilfering?
Big difference between 10% and 25%!
Since City Hall reads every story, maybe they can explain.