By: Diane Benjamin
The financial statements for Bloomington’s year ended 4/30/19 are finally being presented at Council Monday night: https://www.cityblm.org/Home/ShowDocument?id=23337
The chart below shows the long term debt. Why can’t the roads be fixed? Because retired employees need paid. OPEB is Other Post Employment Benefits. Look closely at these numbers!
PDF page 31
This chart shows the data Bloomington submitted to the Comptrollers office. From May 1, 2018 to April 30, 2019 the City added 20 full time employees. Instead of outsourcing tasks to avoid pension liabilities, the City is creating more.
See the employee list by function on PDF page 194. The additional employees aren’t in essential services like police and fire.
- 4 are in collections, jobs that never existed before (easily outsourced)
- 2 are in procurement, jobs that never existed before
- 2 are in building safety
- 1 in planning
- 2 in downtown development
Legal still has 5 employees, the same number as when all legal was in house instead of Springfield.
These notes in the financial statements clearly show why your tax dollars go to employee benefits and not things like fixing the streets. Common sense should tell all levels of government to outsource every possible job if pensions aren’t reformed. Obviously common sense plays no part in government:
PDF page 101
PDF page 105
PDF page 110
Since IMRF is better funded, even though they revised the required funding this year, police and fire pensions have never been a priority. Look at how much you now have to pay for the errors of MANY previous Councils.
Even with massive amounts of money being tossed to the police and fire pension funds, the percent funded barely changed from last year:
The above is from the data Bloomington submitted to the Comptroller’s office:
Note: A downturn in the economy will destroy any progress funding 90% by 2040.
The schedule below for funding police and fire pensions was passed by the Bloomington City Council in 2014. It may have been revised, but your taxes were increased to pay these amounts in previous years.
If Springfield doesn’t propose a Constitutional Amendment to fix pensions, state and local budgets will show ever increasing amounts to pay people not working. Taxes will continue to rise. The exodus from Illinois will continue too.