Bloomington Spiking, VenuWorks, and More

By:  Diane Benjamin Bills and Payroll for Monday:    http://www.cityblm.org/Home/ShowDocument?id=20735 Two more employees are spiking their pensions – this is the penalty charged to taxpayers         When VenuWorks took over management of the Coliseum they wanted to remodel at taxpayer expense.  The City borrowed the money from them for the remodel.  These are […]

Bloomington Business Friendly?

By:  Diane Benjamin Bills and Payroll:   http://www.cityblm.org/Home/ShowDocument?id=20301 Ending Sick Leave Buy Back and the penalties that go with allowing employees to spike their pensions is not going to end anytime soon.  What the Council passed recently was a dog and pony show designed to make you believe they heard your outrage.  Monday night you will […]

Pension Spiking might end YEARS from now

By:  Diane Benjamin PDF page 336   http://www.cityblm.org/Home/ShowDocument?id=20206 Sick Leave Buy Back and the resulting pension spiking is finally being addressed (years late) Monday night.  The law changed in 2012 to allow IMRF to penalize municipalities who practice pension spiking.  Without doing another FOIA to IMRF, I believe the penalties Bloomington has paid are nearing $2,000,000. […]

Bloomington – Let’s Tax Monday!

By:  Diane Benjamin Bills and Payroll:  http://www.cityblm.org/Home/ShowDocument?id=20080 Celebrate: More employees getting a higher pension by spiking: SLBB is Sick Leave Buy Back – a penalty for allowing this will be coming I don’t know why they went to Indianapolis, the question is:  Did they have to send FIVE?  ↓ Agenda: http://www.cityblm.org/Home/ShowDocument?id=20090 Seriously?  A liquor license for Game Time […]

Normal’s fleece tonight

By:  Diane Benjamin http://www.normal.org/ArchiveCenter/ViewFile/Item/3047 The financial statements for the year ended 3/31/2018 are being released tonight.  Six month old data isn’t ideal and would never be tolerated in the private sector, but at least Normal didn’t hold the information the way Bloomington did last year.  Since Bloomington’s year-end was April 30th, their financial statements should […]

Pension Spiking: incredible waste of money

By:  Diane Benjamin Spiking pensions in Bloomington has cost taxpayers over $2,000,000 since 2012. Spiking a pension means collecting more in retirement than employees are entitled to.  Your government “gifts” them more retirement at taxpayer expense.  The IMRF retirement system started charging for spiking when they realized the pension funds would not remain viable if […]

Water Department and Pension Spiking Monday

By:  Diane Benjamin These projects will be approved Monday:  http://www.cityblm.org/Home/ShowDocument?id=18366 Lake Bloomington Water Treatment plant roof:   $323,139.65 Water Main replacement:  $385,075 Professional Services to prepare for another water main replacement:  $30,876.50 If the Council claims the Water Department funds are diminishing and therefore they have to raise rates: In 2013 $400,000 was “borrowed” from the water fund for […]