By: Diane Benjamin
The Bloomington Macy’s store is closing while the Champaign store isn’t. The Internet is NOT the reason.
If the Bloomington store was profitable, it wouldn’t be closing.
Champaign is a lot like Bloomington (Champaign is a little bigger), but they don’t have a zoo, 3 golf courses, a Coliseum, a Pepsi Ice Center, a Creativity Center, a BCPA, dozens and dozens of parks, and a Council that has no problem forcing you to pay for it all.
The bottom line is Bloomington steals too much money from citizens which leaves them with less money to spend!
Let’s look at what Tari Renner and most of the current Council have done to taxes since he became mayor. This story has a great graphic of projected Revenue by the City of Bloomington from 2013 and 2017. All the new and increased taxes are noted: See it HERE
Does anybody think Bloomington is growing – except with subsidized development? At least one major employer fired well paid employees and replaced them with foreign labor. Mitsubishi closed along with Cub Foods, etc, etc, etc.. AFNI is hiring but those jobs mean living with mom and dad or bunking with a couple of friends to share the rent.
According to the chart, the City budgeted for a $19.5 MILLION increase in revenue. (Add the fund balance transfer back) Since growth is almost non-existent unless subsidized, where is the money coming from?
According to David Hales’ November City Manager report, Bloomington picks up garbage from 24,500 residences: PDF page 8 http://www.cityblm.org/Home/ShowDocument?id=11802
$19,500,000 divided by 24,500 if roughly $796 every household doesn’t have to spend that they did have in 2013.
The roads are only marginally better, so what did citizens get for paying more taxes?
You will hear Renner and other candidates claim “we have to keep making progress”.
Ask them what they are making progress to?
Complete government domination of the economy as they pick winners and losers?
This is simple economics. When government takes money from citizens, citizens have less money to spend.
Macy’s is a victim of Tari Renner and every Council member who voted for the massive tax increases.
Brief recap of the major increases: Source story
4% Amusement tax – $1,000,000 a year
.04 a gallon gas tax – $1,000,000 a year
Utilities tax increase – $2,700,000 a year
1/4% Home rule Sale tax extended – $2,500,000
1% Sales tax increase – $9,600,000
Video Gaming – $700,000
Garbage fees – undetermined
There will be more information on Renner’s destruction of the local economy. Let’s see him defend what he’s done.
I bet this is why the tax receipts chart is no longer published by David Hales in his City Manager’s report.
Hiding information makes it easier to fool people into voting for you.