City Council to Consider Local Income Tax Increase, Two Bonds
Mayor John Hamilton will ask the Bloomington Common Council to implement an increase to the Monroe County Local Income Tax (LIT) by 0.855% for the purposes of economic development and to adopt two $5 million general obligation (G.O.) bonds to invest in local infrastructure. Mayor Hamilton will present the proposed increase and bonds to the Council this evening at their regular session beginning at 6:30 p.m.