November 25, 2024 Special Bloomington City Council Meeting
Final 2025 tax levy and budget discussion
Rating analysis for future Capital plans
City council policy and issue updates
Full Document Analysis
Notable Quotes (2)
A 9.97% increase to the tax levy would equate to a 7.68% increase for the median value home.
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.
People (4)
Ki CarlsonBudget staffLeading the review of the 2025 budget process, community engagement, and revenue/staffing projections.
1 quote
Leading the review of the 2025 budget process, community engagement, and revenue/staffing projections.
“The 2025 proposed budget aligns with our key strategic priorities of a connected and welcoming Community, a healthy community and a community with Equitable economic growth.”
Reviewing strategic priorities of the budget.
Council Member MoCouncil MemberQuestioning community engagement strategies and reach to diverse demographics.
1 quote
Questioning community engagement strategies and reach to diverse demographics.
“How can we better reach different populations in Bloomington?”
Inquiry regarding representative community feedback.
Council Member DandroCouncil MemberInquiring about projected 2026 debt increases and capital project financing.
1 quote
Inquiring about projected 2026 debt increases and capital project financing.
“Are we or are we not on track to be able to kind of keep Pace if you will with sales tax revenues Against The Debt Service?”
Questioning sales tax revenue management versus debt service.
Lori Economy ScherCFOClarifying upcoming capital projects, including garage and road reconstruction.
1 quote
Clarifying upcoming capital projects, including garage and road reconstruction.
“The projects next summer will include projects for the garage remod replacement, utilizing that building that the city purchased a couple years back.”
Listing capital project debt drivers.
Places Mentioned
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