By: Diane Benjamin
City Manager Tim Gleason announced at last night’s meeting that next week’s Committee of the Whole is being turning into a special meeting to talk property taxes. He of course used the obligatory fallacy that the City portion of your tax bill is small, it’s the school districts that get the most money. His trying to claim a City increase won’t hurt you.
Gleason doesn’t understand property tax increases raise rents and mean citizens have less money to spend in the local economy. If every unit of government raises property taxes it takes a massive amount of dollars out of the local economy.
The City is not planning on taking all of the EAV increase like McLean County wants, Gleason claims it will be less than 5%. Bloomington currently has EXCESSIVE reserves, they don’t need the money – they just want it. Have you noticed the downtown plan the City approved spending $750,000 to create is still a secret except for some concepts? It won’t be voted on until taxes are increased. Keep in mind the City is sitting on tons of money, below are just funds and don’t include the General Funds reserves projected to be almost $40,000,000 at year end. Last year end it was almost $60 million! How did the “Arena” fund get $22,912,819? These numbers are as of 4/30/23:
Alderman Sheila Montney will be fighting any increase, more on that one in the next story. I suggest you plan to attend and comment – the City really doesn’t want to see you in person at this meeting.