Posts tagged Finance
CIRA Takes Action to Improve Financial Standing and Emergency Response

The Central Illinois Regional Airport has taken steps to improve its financial standing and to further train staff to respond to emergency situations. Airport authority officials say the airport is in better financial shape after refinancing its bonds last month. Airport authority board commissioners last month approved a bond ordinance that allowed the issuance of over $6.4M in new bonds.

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As New Construction Home Sales Continue to Slide, Rising Home Prices Could Boost Industry

The Main Point: While an abundance of new construction homes is an indicator of a healthy economy, Bloomington-Normal continues to see a slump in home building, said John Armstrong, President of the Bloomington-Normal Association of Realtors (BNAR). A recent boost in local market inventory and gains in home prices could encourage new home sales growth.

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Editorial: It's Time for a Whole County to Pay CIRA Airport Tax

The Central Illinois Regional Airport (CIRA) has resurrected its 2017 effort to expand its property tax base from Bloomington-Normal to all of McLean County. CIRA’s initial go-it-alone effort failed because it could not find a local legislator to sponsor the measure. CIRA is now collaborating on the legislative effort with regional airports in Moline and Rockford.

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Lower Energy Bills on the Way for Ameren Customers

Bloomington-Normal residents could see lower electricity and gas bills as a result of the recent federal tax legislation, which will decrease Ameren Illinois’ effective tax rate by nearly 13%.The Tax Cut and Jobs Act of 2017 was intended to make the US more competitive and productive through lower business tax rates, a modernized international tax system and incentives to invest in the US.

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Bloomington Town Hall Addresses Fiscal Budget Concerns

In a town hall meeting hosted by Alderman Sage, Alderman Black, and Alderwoman Schmidt at the BCPA on Tuesday January 9th, the aldermen presented a short presentation on the 2019 budget deficit of $2.9 million. The cause of the budget gap is operational costs, which do not include new staff requests, capital repair for existing facilities or new bond projects.

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