Normal: How much debt do you still have?

By: Diane Benjamin

At last night’s Council meeting the Kevin McCarthy had to point out the Town paid off an $8 million bond from 2012. Wonderful, but how much debt is left?

As of 3/31/2021 the Town reported $81,345,000 to the Comptroller’s Office:

We won’t know the exact number until the 3/31/2022 reports are released, but expect $73,345,000. Keep in mind the TIF is expiring soon which eliminates the funds to pay the debt. Guess who gets to pay!

On to Uptown 2.0

Just hit play to hear McCarthy, more on Normal coming up:

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