By: Diane Benjamin
Bloomington has finally posted the 4/30/19 financial statement.
OPEB = Other Post Employment Benefits
Both Bloomington and Normal are in more debt now because of pensions and OPEB.
Bloomington has almost $231,000,000 in long term debt and growing
Normal has more than $186,000,000 in long term debt and growing.
Illinois isn’t even included, keep in mind they refuse to fix the pension mess.
Those who stay will be paying higher taxes.
PDF page 31:
All the additional debt is for employee benefits.
PDF page 83
Note the balance at the beginning of the year and the end. Very little bond debt was paid, the new debt is all from employee benefits.