COVID-19 response: Bloomington mulls $2 million in city general fund money for economic stimulus

 

At a Friday noon work session, Bloomington’s mayor, John Hamilton, pitched a $2-million economic stimulus package to Bloomington city council members.  It could be in front of the council for a final vote on August 12.

The package—which in technical terms is an appropriation ordinance that draws on local funds—is meant to help aid Bloomington’s recovery from the impact of the COVID-19 pandemic. [Updated: July 14 at 9:14 a.m. In response to a formal records request, The Square Beacon was provided a draft of the proposal, which councilmembers were asking questions about during their work session.]

The appropriation is meant to get an early start on some additional “countercyclical” measures that Hamilton wants to include in the 2021 budget. Instead of waiting until January, Hamilton said on Friday, the proposal is a way to get started in September.

Hamilton sketched out three general “buckets” that are in the stimulus package: (1) a more sustainable and higher quality of life for residents, particularly low and moderate income households; (2) more good jobs to help people get back into the economy; and (3) more affordable housing.

But it’s still in draft form—even the source of funds is not yet set in stone. For now, the money will be drawn from money that departments did not spend in 2019, which was in their budgets that year. Continue reading “COVID-19 response: Bloomington mulls $2 million in city general fund money for economic stimulus”