By: Diane Benjamin
The chart below was compiled from these 3 links listed. This is strictly my opinion, but I lumped General Fund spending and Enterprise Fund spending together because things like garbage used to be in the General Fund but now it isn’t..
The Enterprise Funds are:
PDF page 50: https://www.cityblm.org/home/showdocument?id=22149
All of these funds get tax and fee increases so they break even except the Arena.
Budget Sources:
PDF page 56 https://www.cityblm.org/home/showdocument?id=22149
PDF page 60 https://www.cityblm.org/Home/ShowDocument?id=7077
PDF page 78 https://www.cityblm.org/Home/ShowDocument?id=5108
Yes, it’s small and probably hard to read, so see this recap:
Taxes and fees have increased dramatically.
Expect more of the same unless voters make better choices. Tari Renner took office in May of 2013. His first budget was in 2014.
Pension funding has increased the budget with little change in the percentage funded. Government officials should DEMAND changes to pensions before more people leave or are bankrupted by the tax increases.
Instead you will be told the Progressive Tax constitutional amendment will fix everything. It will only tax you more!
The Constitutional amendment should have been for pension reform, Obviously government exists for government employees, not you!
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I’m sure someone can make the case that the quality of government services in Bloomington has increased by 75.91% since 2012. Hahahahahahahahaha! Hello? Anyone there?
Am I missing something on the percent increase? The $40 million is appalling but isn’t that $40.2 mil/$126 mil = 32%?
Total for 2020 is 167,000,287. the formula is 126,768,798 / 167,000,287.
This is just ludicrous and spending must stop.
Actually it’s a 24.09% increase (which is still confiscatory).
$126,768,798 * 1.24,09 is only $157,307,401. You are $10 million short
I deleted the percents, I have always despised Algebra. I need to stick to accounting instead.
You guys are fun!
the difference of current amount less prior amount, over the prior amount…
= (b-a)/a
(b) Current amount – 167,000,287
(a) Prior amount – 126,768,798
Difference amount – 40,231,489
= 167,000,287 – 126,768,798 = 40,231,489
= 40,231,489 / 126,768,798 = .3174
.3174 X 100 = 31.74%
The pension increases and UNFUNDED liability are unsustainable. Yes constitutional amendment should have been for the pensions NOT for more taxes!
I’m going to repeat that frequently until November!