By: Diane Benjamin

From the Monthly Financial Summary presented Monday night at the Bloomington City Council meeting: https://www.bloomingtonil.gov/home/showpublisheddocument/30491/638543232820130000

General Fund balance projected for the fiscal year ending 4/30/24:

Don’t get excited about the City having almost $50 million in reserves. They’ve already spent around $15 million of it on buying the Owens property and paying cash for equipment instead of financing.

Paying cash will save the interest expense. Are you doing so well you can pay cash for things like a new car? Credit card debt is over $1 trillion for the first time. Government is doing fine, the serfs aren’t.

Government coffers are bulging. Inflation isn’t killing them like it is you because they collect more taxes on everything you buy. Of course they won’t give any excess back to you. Once they get their mitts on your money they consider it theirs. The list to spend it on is endless.

See PDF page 2. The City collected $10 million more than budgeted.