Bloomington last night

By: Diane Benjamin Even though the Financial Statements (CAFR) have been finished for at least a month, they were finally presented last night. The data was uploaded to the Comptroller’s site many weeks ago, why the City couldn’t take the time to release the data is a mystery. The auditor stated Bloomington is overpaying into […]

Part 3 – Is Bloomington a Bank?

By:  Diane Benjamin Part 1   https://blnnews.com/2018/12/26/is-bloomington-a-bank/ Part 2  https://blnnews.com/2018/12/28/part-2-is-bloomington-a-bank/ In Part 2 I showed loans made from the General Fund.  How did that happen?  You pay taxes to the City of Bloomington expecting it to be used for essential services.  I doubt anybody pays taxes so their wealth can be redistributed to those who can’t afford […]

Part 2: Is Bloomington a Bank?

By:  Diane Benjamin See Part 1 here:   https://blnnews.com/2018/12/26/is-bloomington-a-bank/ The lists I received by FOIA show 4 types of loans. Deferred loans from the General Fund Loans receiving payments from the General Fund Deferred loans using CDBG money Loans receiving payments made with CDBG money The General Fund is tax money received locally.  CDBG money is […]

Is Bloomington a Bank?

By:  Diane Benjamin This is going to be a multi-part project.  Part 1. I’ve written before about all the “loans” that show up on bills and payroll.  There are also numerous “grants”, but I’m not looking at those yet.  Most, if not all, are labeled CD – Rehab.  CD may stand for Community Development.  Some […]