By: Diane Benjamin
Since the April elections are close, your property taxes aren’t being raised! It appears part of the property tax revenue that normally goes to the General Fund is being diverted to pensions. In past years if pensions needed more money Normal would just charge you.
It should be alarming to Town leaders the Estimated EAV showed no growth for the year. That isn’t a sign of a thriving local economy. (Bloomington did show an increase)
The below shows the new distribution of your property taxes, the amount going to pensions had to be increased to compensate for market losses:
Too bad every year isn’t an election year!
(your property taxes wouldn’t be as high)
PDF page 61: