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, […]

Dying to know? Bloomington Debt!

By: Diane Benjamin $270,944,173 Again this year Bloomington’s finances are on the Illinois Comptroller’s site BEFORE the City gets around to releasing the CAFR (financial statements). The fiscal year ended 4/30/2020 – almost 6 months ago. Why rush? What do they show? Bond Debt: 47,780,000  IMRF pension debt: 12,821,451 Police Pension Debt: 77,693,023 Fire Pension […]

Normal’s TOTAL debt

By: Diane Benjamin From the Illinois Comptrollers website: https://illinoiscomptroller.gov/financial-data/local-government-division/local-government-data/processsearchresults/?DisplayMode=GETAFR&AFRDesiredData=Indebtedness&Code=064/095/31&CFY=2020&Menu=Yes&PrintIt=No Bond debt and “Other” = $85,752,874 Note: The Town only paid off $2,205,000 the entire year. Keep in mind NO principal is being paid on some of the loans, just interest. They forgot to say what “other” is: (did the same in 2019 and 2018) Pensions […]

Priorities In Normal

By:  Diane Benjamin Since a BIG part of Normal’s population is college students, the census could have a huge impact on government funding. The Town of Normal shouldn’t have to worry about the census if Illinois State University cooperates: https://www.census.gov/newsroom/press-releases/2020/modifying-2020-operations-for-counting-college-students.html Student living on campus might be counted by the university, they wouldn’t need to fill […]