What Mike Matejka failed to say

By: Diane Benjamin I don’t know how many people pay attention to the blathering on WJBC by Forum commentators, but what Matejka said about TIF’s is nothing more than government talking points. Matejka is after all Chris Koos’ good buddy. See what he said here: http://www.wjbc.com/2019/03/13/wjbc-voices-understanding-tif-investments/?fbclid=IwAR12JhuXkWjHND1rhHt_Y0UlUjfoszIG6WStPU9lVKiGpM2KofKlh3_DfII One side note first: It’s great to see Democrats […]

No bid, Uptown TIF, Welcoming Ordinance

By:  Diane Benjamin Monday night Normal is spending $ 1,271,428 on 4 garbage trucks and waiving the bids.  How do they know the cost is competitive without bids: They will get $420,000 for the four trucks they are trading in. The Welcoming Ordinance does nothing: The open border crowd wanted an ordinance making it illegal for […]

How is Normal’s Uptown TIF?

By:  Diane Benjamin Note:  This information is now 1 year old.  The Illinois comptrollers office finally got around to setting up the structure to enter this data. Uptown TIF:   ftp://ftp.illinoiscomptroller.com/LocGovTIF/FY2017/06409531/17TIF06409531Downtown_volpment_1.pdf The TIF was organized in 2003.  The 2016 report showed positive cash flow of $2,967.  2015 showed a positive $44. TIF theory states increased property tax receipts […]

Hum, Uptown Circle

By:  Diane Benjamin Memory Lane: Remember when Normal promised to pay Bloomington Landmark Development around $1,825,000 to bring Portillos to town? The documentation said Sales taxes will easily cover the cost in about 7 years:    https://blnnews.com/2016/12/02/portillo-town-monday-night/ That was in December of 2016. Just over a year later Normal wrote a huge check to Bloomington Landmark […]

They paid it twice

By:  Diane Benjamin As I reported in this story:  https://blnnews.com/2018/01/14/tuesday-normal-spending/ the Town of Normal made TWO payments of $217,078.24 during January to MCP Uptown Owner LLC. I wasn’t kidding when I said a FOIA was filed! I received 66 pages. As part of the Uptown TIF, increases in property taxes paid are kept by Normal.  The […]

Normal: Found in the financial statements

By:  Diane Benjamin If the Comptroller’s office ever does their job, comprehensive TIF reports will be available.  So far they don’t have the software completed to allow entry of information.  Information from 3/13/17 for Normal and 4/30/17 for Bloomington isn’t complete. Normal’s 3/31/17 financial statements: http://www.normal.org/DocumentCenter/View/12750 PDF page 30: The Uptown TIF Fund reported a […]

Town of Normal Debt

By:  Diane Benjamin As of 3/31/17 PDF page 41:  http://www.normal.org/DocumentCenter/View/12750 Yes the citizens still owe $87,783,723 for Koos’s Uptown dreams. Police pensions are only 51.76% funded (PDF Page 129) Fire pensions are only 55.53% funded (PDF Page 130) That is why citizens are on the hook for $56,106.352 just for these two pension funds.  Obviously the guys […]