By: Diane Benjamin The Uptown TIF district was started in 2003. Since then it has collected $22,889,578. Bonds totalling $80,600,00 were issued to collect that $22,889,578. That doesn’t include interest which adds many more millions because only interest was paid on the bonds for many years. Add at least 50% to that number. TWO developers […]
By: Diane Benjamin The Uptown TIF report was not published with the other 4 TIF reports on the Comptroller’s website because it had errors and was returned to Normal for corrections. That information comes directly from an employee at the Comptroller’s office, she didn’t tell me what errors. You can see the report here: https://files.illinoiscomptroller.gov/LocGovTIF/FY2022/06409531/22TIF06409531Downtown_volpment_1.pdf […]
By: Diane Benjamin Note to Jamie Mathy: Future Councils are not bound by actions of past Councils. The Tari Renner “ramp” pension funding plan means zero if it can’t be afforded. Tari knew he wouldn’t be around to find at least $10 million more a year in the future. Renner already locked the Council into […]
By: Diane Benjamin The longer a City Manager hangs around their progressive ideology become more apparent. Tim Gleason was evidently hired from Decatur because he spearheaded redevelopment there. Decatur’s is busy during the day because people work downtown. It dies at night, they don’t have the bars Bloomington has. Progressives think government creates prosperity and […]
By: Diane Benjamin The Commerce Bank location at 104 Broadway in Uptown Normal is closing in just a few days. If you have never heard of ESG scores, it is here and detrimental to everything American. Start getting informed here: https://marketbusinessnews.com/financial-glossary/esg-definition-meaning/ Large corporations are being forced to adopt ESG. Commerce Bank is all in: https://www.commercebank.com/about-us/corporate-social-responsibility/esg […]
By: Diane Benjamin Unit 5 has held 2 events with citizens because they want a tax increase. The last one is virtual tonight: Question that needs answered: Why did salaries increase in 2020: https://blnnews.com/2022/04/01/unit-5-did-esser-funds-inflate-salaries/ The number of employees and students decreased from 2019 but salaries increased over 7%. Was that a planned increase to push […]
By: Diane Benjamin Community meetings by Unit 5: https://blnnews.com/2022/04/14/unit-5-community-meetings/ Board President Amy Roser tearfully explains why the District needs more of your money in this video. She claims they have deficits of $13 million which will grow to $26 million in 5 years. She doesn’t mention how it will double in a short time. Things […]
By: Diane Benjamin The Town of Normal has been hauling in money from the Uptown TIF. It isn’t nearly enough to pay off the debt they racked up with their vision, but their pot of gold ends in 2026 and Unit 5 will be a huge beneficiary. Unit 5 needs to know how much they […]
By: Diane Benjamin Proving yet again local government has no respect for religion, the Unit 5 School Board held a meeting on a Wednesday night during lent. Churches don’t do Lenten services anymore? Mine does. The video claims this meeting lasted until 2:43 this morning. 75 people signed up for Public Comment. Not everyone stuck […]
By: Diane Benjamin Stan Nord quit attending 2 on 1 meetings with Pam Reece and staff because they aren’t held to get his opinion. They are held to tell the Council what the plans are and get their official head nods. Funny how CITIZENS paying the bills aren’t privy to the same information. The 2 […]
By: Diane Benjamin The TIF reports for Normal have been posted on the Illinois Comptroller’s website. This is the report for the Uptown TIF: The Tax Increment Financing district was started in 2003, that means the majority of it is expiring in 2026. A small part was extended because development hasn’t occurred yet. The theory […]
By: Diane Benjamin Below is a map of Normal’s Uptown TIF. Look at the right side, see the area west of Oak St that is not in the TIF? That is Chris Koos’ 2 businesses, he rents the space. https://mcleanil.devnetwedge.com/parcel/view/1427308009/2020 Why were his two businesses carved out of the TIF boundaries? Because it would be […]
By: Diane Benjamin I could write MANY stories about last night’s Bloomington Council meeting. I might write more, I might not. I didn’t want you to miss this graphic: Every citizen of Normal is in twice as much debt as those who live in Bloomington. That is why the end of the Uptown TIF is […]
By: Diane Benjamin Remember 305 S. Linden? Without a vote by the Council Pam Reece declared this building surplus property and put it up for sale: Request for proposals: https://www.normal.org/bids.aspx?bidID=267 Since the property is in a TIF staff doesn’t need the approval of the Council according to Town code. Bidding ended in November. Waiting until […]
By: Diane Benjamin The second installment of your property taxes are due on 9/17. The check you will be writing is higher because of many things, but a BIG one is Tax Increment Financing. TIF’s The Uptown TIF is Normal’s huge one. The 2020 comprehensive report isn’t available yet, so I have to use the […]
By: Diane Benjamin Trail East is moving forward. Bids are being taken by Bush Development which means the mural will be going away soon. See the plan to move it here: Moving the Mural January 7, 2019 The work was supposed to start by June 1, 2019. This new building is going to be HUGE: […]
By: Diane Benjamin Ever heard “Watch the pennies and the dollars will take care of themselves”? The Town of Normal is not only not “watching the pennies”, they aren’t watching dollars either. (YOUR DOLLARS) These bills are “presented” for Monday night – nobody is suppose to ask questions. Start with the One Uptown Circle Rent. […]
By: Diane Benjamin Normal Mayor Chris Koos was nominated by Sen Dick Durbin to the Amtrak Board of Directors. Amtrak and Koos are a perfect fit. It does mean that Koos can no longer participate in discussions about building an underpass since all decisions involve Amtrak. See PDF page 5: http://www.normal.org/DocumentCenter/View/12829/2017-Purchasing-Policy-Manual-x?bidId= Amtrak will be paying […]
By: Diane Benjamin This is story #3. I know many of you didn’t understand #2 – I can tell that by the number of “Shares” it received. Keep in mind sharing information is the only way what I report gets to other people! Brief recap: Story #1: https://blnnews.com/2020/03/31/normal-remember-all-those-property-tax-increases/ Everybody in Normal is paying higher property […]
By: Diane Benjamin This is a little complicated if you don’t understand TIF districts. The basics are: An area is declared a TIF in order to revitalize a blighted area Money is borrowed for TIF spending, it can be used to incentivize new development Tax money raised within the TIF is then used to pay off […]
By: Diane Benjamin For many years the Town of Normal has raised property taxes by telling you the increases were necessary to fund pensions. They left out one fact. All of the increased taxes for properties located in TIF Districts don’t go to pensions – they go to the TIF. Follow along: This isn’t complicated. […]
By: Diane Benjamin This information is from the budget: https://normal.org/DocumentCenter/View/14883/2019-2024 I don’t know why the budgeted revenue was decreased for this year, but Normal still plans to collect a lot of money for licenses, fines, fees, and permits. Maybe it’s down because little development is happening creating a need for permits. PDF page 27. This […]
By: Diane Benjamin This is the Uptown TIF report Normal filed with the Illinois Comptroller’s office: 19TIF06409531Downtown_volpment_1 The TIF was started in 2003 – most of it lasts for 23 years. Part was recently extended 12 years because building isn’t finished yet. The original TIF expires May 3, 2026. See PDF page 3: The Town […]
By: Diane Benjamin Projects governments dream up never include the true cost, interest paid for decades could increase the price by 50%. It could be even worse for Normal because they are paying no principal on many of their bonds – just interest. Monday night is the semi-annual bond payments approval festivities. Of course, discussion […]
By: Diane Benjamin One more thing happened at Monday’s Normal Town Council meeting that you need to see. First, some background. Both Bloomington and Normal have decided in recent years to write minutes that don’t reflect exactly what happens at meetings. If citizens want to research something that happened a year ago and don’t know […]
The chart has been corrected. Normal actually has FIVE loans they are only paying interest on. Debt payments in FY 2020 total $5,549,176. Interest is $3,344,176. TIF revenue will not cover the payments. (This was incredibly difficult to do!) By: Diane Benjamin The theme for Monday’s Normal Town Council meeting was we LOVE Uptown. Kathleen […]
By: Diane Benjamin Last night’s Normal Town Council meeting lasted close to 4 hours. It started with a conga line of Uptown supporters, most (if not all) connected to government. 2 objectors to the Fiala payoff were conveniently placed at the end of Public Comment. It started at 8:00 if you want to watch. On […]
By: Diane Benjamin In 2017 I FOIA’d the Town of Normal for all properties they rent: https://blnnews.com/2017/01/10/normals-rental-properties/ At least one property didn’t make the list of what I received: The ISU Art Gallery. The gallery is tucked under the west end of the parking garage by City Hall. One thing is clear from the latest […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The parent company of the Marriott in Uptown Normal filed for bankruptcy last June. See the bankruptcy story HERE Now the local hotel is failing to honor “commitments” made citing their pending bankruptcy. Trouble? Trouble for the Uptown TIF? Anybody asking? . . .
By: Diane Benjamin Tonight on the agenda for the Normal Town Council is reauthorizing the lease of 104 W North Street to Dan Brady for $1 per year and FREE to Rodney Davis. This note is included on PDF page 63: http://normal.org/ArchiveCenter/ViewFile/Item/2273 If Normal actually read the law, they might find it is illegal to […]
By: Diane Benjamin TIF’s create a slush fund for government to use – supposedly for economic development. The increase in property values due to redevelopment create more taxes the City keeps instead of sharing the increase with all taxing bodies. In 2013, The Town of Normal shared some taxes – I don’t know what agreement […]
By: Diane Benjamin Yesterday I showed how Normal’s Uptown TIF is most likely not generating enough TIF money to cover expenses: https://blnnews.com/2016/07/26/more-uptown-tif/ Here’s more proof: The 2014 TIF report shows some sharing of revenue with other taxing authorities: Page 5 ftp://ftp.illinoiscomptroller.com/LocGovTIF/FY2014/06409531/14TIF06409531Downtown_volpment.pdf The 2013 TIF report also shows sharing taxes: Page 5 ftp://ftp.illinoiscomptroller.com/LocGovTIF/FY2013/06409531/13TIF06409531Downtown_volpment.pdf The 2015 TIF […]
By: Diane Benjamin Normal’s Uptown TIF began in May of 2003. Remember, TIF’s are created to encourage economic development. The hope is any money borrowed or promised will be paid back by the increase taxes received. The Town of Normal 2010 – 2015 TIF Reports are on the Comptroller’s website: http://warehouse.illinoiscomptroller.com/Downloads.cfm See the chart below. […]
