By: Diane Benjamin
The Pantagraph ran this cute story about Normal on Tuesday. Quote from the article:
Does Normal not know how much debt they are in, or is the Pantagraph making up numbers?
This is the debt reported as of March 31, 2018 to the Illinois Comptroller’s office, they haven’t officially added to it since:
In 2017 total debt was $92,320,992
In 2016 total debt was $99,974,191
Not a “nearly $94 million” debt load anywhere!
Note: Chris Koos and Pamela Reece don’t have a problem with any debt they can raise taxes to pay.
If this debt was worth it, the taxes citizens of Normal pay wouldn’t keep going up EVERY year.
If this debt was worth it, the Town of Normal wouldn’t have recently forced some employees to retire to balance the budget.
If this debt was worth it, the police and fire pension funds would be fully funded.
Obviously the definition of success to Chris Koos isn’t rooted in reality. Look for him to quit sometime next year, probably citing health reasons. Looking at the empty space across the street from his office might be contributing to health problems.
At least the debt is decreasing – until Normal decides they need that sports complex. Another “we want it” that will never pay for itself.
So anybody with brains running for office?