Debt: Normal vrs Bloomington

By:  Diane Benjamin As of 3/31/18 Normal had total debt of $89,823,286.  $88,125,000 won’t be paid off until 2041.  Interest rates range from 2.00% to 6.30%. Source As of 4/30/18 Bloomington had total debt of $242,010,034.  $57,095,000 won’t be paid off until 2035.  The interest rates aren’t listed.  $173,646,119 is liabilities for pensions and associated […]

Pepsi Ice? Coliseum? Tax increases?

By:  Diane Benjamin Pepsi hasn’t paid for naming rights at the Ice Center for years.  That doesn’t keep Bloomington from still giving them free advertising: PDF page 196 of the annual financial statements:     http://www.cityblm.org/home/showdocument?id=20281 “Pepsi” is also on PDF pages 32 and 33. Grossinger Motors does pay for naming rights of the former US […]

Is Renner delusional?

By:  Diane Benjamin Tari Renner was on WJBC this morning with Scott Laughlin.  Scott asked Tari about pension funding. Tari had to mention the pension funding award he accepted several years ago.  Pension funding was neglected for many years so Bloomington could do fun stuff like the BCPA and the Coliseum.  When Tari was elected […]

The cost of “Full Service” in Normal

By:  Diane Benjamin The numbers below are from the Illinois Comptroller’s website:    http://warehouse.illinoiscomptroller.com/ Normal’s budget has increased 33% in 6 years.  5.5% per year is much higher than the inflation rate.  Last year Normal spent almost $36 million more than it did in 2012. Where is it?  Roads? Population is estimated at 54,264.  That spending […]

Epidemic of at risk kids

By:  Diane Benjamin The Bloomington Council meeting last night did not produce much to report.  We did learn from a lady during public comment that Bloomington has an epidemic of at risk kids.  Holly (didn’t catch the last name) volunteers many hours at the Boys and Girls Club.  They currently serve almost 1000 kids and […]

Normal’s Pension Problem (and Bloomington)

By:  Diane Benjamin The Town of Normal has to pay into three pension funds:  IMRF, Police, and Fire. The funding for IMRF isn’t horrible, Police and Fire are.  What does that say about who the Town management and Council respect and who they don’t? I’m sure you remember property taxes being raised year after year […]