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A new site just went up called SaveBloomington.com alerting Bloomington residents that they are in for some serious sticker shock. Would you believe a 45% TAX INCREASE in the next 5 years. Go check out the site and see what you are in for. Here are a couple of short recent updates:
On Nov. 3rd, 2009 you have a chance, a voice, and a vote!
Imagine if you knew your taxes were going to increase by 45% over the next 5 years. Would you do nothing and let it happen or would you take action to stop it? "Save Bloomington" is a resident group, along with the Republican Party of the 3rd Congressional District, that is concerned with the massive city spending being pushed through City Hall. During this economic crisis, now is not the right time for the City of Bloomington to raise your taxes.
So will my taxes go up 45% in the next 5 years?
Not if we can work together to stop it. When the Bloomington City Council approved the 2009 budget, they included a chart with the possible future/forecast of things to come. We would prefer that the City work hard now to avoid these types of scenarios, rather than publish a document that could scare potential developers and business investors. Our property taxes make up about 68.3% of the revenue the City collects, here is the chart in question, as you can see they show significant Property Tax Levy Increases:
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