By: Diane Benjamin
The Bloomington financial statements have the same debt table as Normal in this story: https://blnnews.com/2019/12/09/more-on-normals-credit-rating-and-debt/
PDF page 91: https://www.cityblm.org/home/showdocument?id=23337
The chart has a typo: the 2035-2029 probably should have been 2025-2029.
$52,090,000 for bond payments and $11,576,172 for interest. The interest adds 22% to the total repayment.
Don’t get too excited because it is lower than Normal:
Long term debt isn’t pretty with pension debt and post employment benefits included:
PDF page 31
For comparison – Normal’s long-term liabilities is below.
That’s $75,944,329 in pensions and almost another $24 million for benefits.
Instead of a Constitutional Amendment for a “progressive” income tax which will tax you more, the Constitutional Amendment should have been pension reform.
This proves government doesn’t work for the people paying the bills!