Bond NOT being paid from road funds

By:  Diane Benjamin

It has taken weeks to get an answer from the City, but we finally know the $10,000,000 bond payments for roads are not coming out of the Motor Fuel Tax or 1/4% Sales Tax that is dedicated to roads.  Payments are made from the General Fund:

It doesn’t change the fact that road funding is way below what is required to even have roads rated as poor.

See this story for details:  https://blnnews.com/2018/01/15/roads-arent-a-priority-in-bloomington/

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Comments

  1. #pawsw/claws says:

    All tax revenue is deposited in and distributed from the General Fund. The email response is very vague. The question is, what was used to back the bond?

    Like

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