Bloomington City Council met remotely Feb. 22, 2021.
The Bloomington City Council on Monday agreed to refinance some of its general obligation bonds, a move that’s expected to save about $560,000 in interest payments.
“We’ve done this before,” said City Manager Tim Gleason. “This is a relatively small bond refinance. But you’re going to be shocked at the amount of money we’re going to save.
Also at the virtual meeting, the council agreed to delay a decision on a Welcoming Cities ordinance draft to add clarification to the process, and heard reports on the John M. Scott Health Trust and on the upcoming budget.
Starting this fall, Bloomington officially will celebrate Indigenous Peoples’ Day the second Monday of each October.
The Bloomington City Council unanimously passed the ordinance during its meeting Monday night. And, with a 5-4 vote, the council also OK d a resolution calling on other Illinois communities, as well as state and federal leaders, to end Columbus Day as a holiday, and replace it with Indigenous Peoples’ Day.
Besides the Columbus Day-related items, the council heard a preview about the upcoming fiscal 2022 budget from Bloomington finance director Scott Rathbun. This spring, staff will tweak the $245-million budget, and the council will finalize it in mid-April.