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 […]

Bloomington debt

By:  Diane Benjamin The charts below are from the Illinois Comptroller’s office – this is information Bloomington reported to them. Government Activity is the column to look at, especially liabilities due beyond one year.  Since it is hard to read:   Source:  Liabilities 2018 – $221,260,896 2017 – $198,984,845 2016 – $216,297,608 What is this HUGE […]

Pension Debt: Reserve the UHaul now

By:  Diane Benjamin Bloomington has finally posted the 4/30/19 financial statement. OPEB = Other Post Employment Benefits Both Bloomington and Normal are in more debt now because of pensions and OPEB. Bloomington has almost $231,000,000 in long term debt and growing Normal has more than $186,000,000 in long term debt and growing. Illinois isn’t even […]

Bloomington’s Compensation

By:  Diane Benjamin Obviously nothing happened at the Bloomington City Council meeting last night to change the pension spiking policies that have cost taxpayer’s millions.  Policies can’t be changed close to an election, so the gravy train for government employees continues. According to the nearly year old financial statements that were just released, employees can […]