Worthless campaign promises by Lorenz?

By:  Diane Benjamin When a candidate for office declares what they plan to do if you vote them into office they should actually do it.  Some members of the Normal Town Council have openly criticized Stan Nord for doing just that.  He is accused of playing politics because he isn’t rubber-stamping “the plan”.  He is […]

Peoria has Private Investors

By:  Diane Benjamin In Bloomington and Normal government believes they are required to spend your money to create economic development.  Peoria evidently doesn’t.  Maybe it’s because Peoria is too broke – they have made significant budget cuts.  Maybe broke government  is the key to allowing the private sector to flourish.   See this story:  https://www.pjstar.com/news/20191210/kim-blickenstaff-purchases-stake-in-peoria-armory-plans-renovation  Excerpts: […]

Cannabis Wars heat up

By:  Diane Benjamin Next Monday is when the Bloomington City Council will make their final decision on manufacturing, processing, distributing, selling, and use of marijuana.  Merry Christmas Bloomington, dollar signs and social justice warriors will decide Gettin’ High is the Way To Fly! 12:15  Chris Collins of Housing Our People Everywhere wants some of the […]

The Clueless in Normal

By:  Diane Benjamin Below is another sheet the participants at the Citizens Summit worked from.  Although most of the questions show Normal has no idea what citizens think government should be – Question 5 is especially telling. The person who sent this page to me reported the entire table answered it:  NOTHING! The table was […]

Bloomington future debt and interest

By:  Diane Benjamin The Bloomington financial statements have the same debt table as Normal in this story:  https://blnnews.com/2019/12/09/more-on-normals-credit-rating-and-debt/      PDF page 91:  https://www.cityblm.org/home/showdocument?id=23337 The chart has a typo:  the 2035-2029 probably should have been 2025-2029. $52,090,000 for bond payments and $11,576,172 for interest.  The interest adds 22% to the total repayment.   Don’t get too […]

More on Normal’s credit rating AND debt

By:  Diane Benjamin Normal reported the same credit ratings in their financial statements that I reported in this story:  https://blnnews.com/2019/12/07/moodys-normal-doesnt-have-a-aaa-credit-rating/ PDF page 33:  https://normal.org/DocumentCenter/View/15625/CAFR19-FINAL-DOC What they failed to tell you is that Fitch is owned by a French company and is the smallest of the “Big Three” ratings companies.    https://www.sapling.com/7319147/sp-moodys-fitch-ratings S&P doesn’t not have […]