By: Diane Benjamin PDF page 71: https://www.bloomingtonil.gov/home/showpublisheddocument/30862/638677145542530000 To pay off anything you can’t pay just interest. This is almost $300,000 of your tax dollars thrown away on interest. Bloomington taxpayers still owe over $21,000,000 almost 20 years after it was built: https://blnnews.com/2024/09/24/coliseum-spotlight-last-night/
By: Diane Benjamin The Coliseum opened April 1, 2006 – more than 17 years ago. It still isn’t paid for. https://www.bloomingtonil.gov/home/showpublisheddocument/29854 The city just paid INTEREST only: $317,771.25. Of course all the interest paid in 17 years wasn’t included in the cost to build it. Just to be clear, the City of Bloomington expects you […]
By: Diane Benjamin Previous story based on the Budget Session documents: https://blnnews.com/2020/01/28/normal-expect-property-tax-increases-to-continue/ It has always annoyed me when Koos and company claim Normal’s debt isn’t a problem. They think it isn’t because they are NOT looking at the big picture, they only look at what payments will be required every year. They don’t care about […]
