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Parks reports 2025 surplus and cautions on state tax changes tied to Senate Enrolled Act 1
Summary
Director Tim Street reported a $208,952 general‑fund surplus for 2025 and a roughly $60,000 nonreverting‑fund surplus after encumbrances; he warned the board that Senate Enrolled Act 1 and a 2027 expiration of the local income tax could affect future property‑tax distributions and city revenue planning.
Tim Street, director of Bloomington Parks and Recreation, presented the department’s 2025 year‑end financial summary and highlighted both positive budget performance and looming state‑level uncertainty.
Street said Parks finished 2025 with a general‑fund surplus of $208,952 after carrying $377,000 in encumbrances into 2026 and finished nonreverting funds with about $60,000 after obligating roughly $155,000 for a mobile stage. He credited staff…
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