By: Diane Benjamin
It’s great to have a plan, but Bloomington is going to create debt that future Councils have to deal with.
Tari Renner promised to fix the roads. He didn’t promise to raise taxes to do it, and he sure didn’t say it would take borrowing tons of money to do it.
Keep in mind: $10,000,000 has already been borrowed and gas costs .04 a gallon more because of him.
This is the Draft Capital Improvements plan for 2017 – 2021. For $336,580,000 over 5 years – poof UTOPIA!
Streets are evidently only funded by the new Motor Fuel tax. All those taxes you already pay aren’t available.
The Water Fund has been raided for all kinds of projects, including the Coliseum. Nope, not enough money there either.
Page 6 claims $59,900,000 is already funded. Page 7 shows $276,680,000 isn’t funded.
Pages 8 and 9 attempt to justify debt by comparing other cities.
Remember your mom saying: “If your friends jumped off a cliff . . .”
Nothing this Council does ties the hands of the next Council. All those un-affordable Master Plans can be shelved indefinitely. If this Council locks up debt before the April elections, it’s more difficult to undo.
When construction of the Coliseum is discussed, how many times is the INTEREST included in the total cost? Hum, NEVER.
This plan will be discussed soon. It’s going to be fun seeing the aldermen up for election squirm. Maybe Rob Fazzini will come and tell the Council they MUST borrow! (He did as Alderman)
Markowitz screwed Bloomington for decades with Coliseum debt and loses. Maybe Rennerwitz will continue the tradition.