November 25, 2024 Special Bloomington City Council Meeting
Monday, November 25, 2024
Final 2025 tax levy and budget discussion
Rating analysis for future Capital plans
City council policy and issue updates
Notable Quotes (2)
A 9.97% increase to the tax levy would equate to a 7.68% increase for the median value home.
Tax Levy ImpactExplaining residential tax impact.
Currently for the sales tax bonds all of those are repaid back with sales tax. We currently have no City debt Levy piece in regards to those.
Capital DebtClarifying debt repayment sources.
People (4)
Ki CarlsonBudget staff
Leading the review of the 2025 budget process, community engagement, and revenue/staffing projections.
Council Member MoCouncil Member
Questioning community engagement strategies and reach to diverse demographics.
Council Member DandroCouncil Member
Inquiring about projected 2026 debt increases and capital project financing.
Lori Economy ScherCFO
Clarifying upcoming capital projects, including garage and road reconstruction.
Places Mentioned
Bloomington City HallBryant ParkTreb ParkDwan Golf CourseBush Lake BeachNormandale Lake
Events & Meetings (3)
- November 25, 2024: Bloomington City Council special meeting
- December 16, 2024: Truth and Taxation public hearing
- December 2, 2024: Garage project presentation