City of Bloomington recently issued the following announcement.
Mayor John Hamilton has shared a proposal with the Bloomington City Council outlining the need for new revenue.
Yesterday, council members received a memorandum outlining the need for an increase in the Monroe County Local Income Tax (LIT) and the issuance of two $5 million general
obligation (G.O.) bonds on a five-year cycle. The memo and supporting documents are available online at https://bton.in/zkjeh.
For more information about the proposal visit bloomington.in.gov/newrevenue. The website includes information shared with City Council, a short video message from Mayor
Hamilton, Frequently Asked Questions, and opportunities to provide feedback directly via a public poll and other methods.
Original source can be found here.
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