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Controller reports $7.5M in CRED balance; council introduces opioid-settlement appropriation and hears bike-safety testimony
Summary
Comptroller Jessica McClellan told the council Feb. 19 that about $7.5 million remains from downtown CRED funds now in the general fund; council introduced an opioid-settlement appropriation ($250,000) for downtown outreach and heard public comments urging targeted use of CRED money and raising bike-safety concerns.
Bloomington — Comptroller Jessica McClellan told the Common Council on Feb. 19 that the city has roughly $7.5 million remaining from its downtown CRED (community revitalization enhancement district) funds now held in the general fund.
"The remaining balance of that money is $7,500,000," McClellan said, explaining that $17.3 million was transferred from CRED funds to the general fund in 2023 and that departments had slightly over $12 million budgeted in 2024 with roughly $9.8 million spent.
McClellan said the remaining CRED dollars are not in a separate fund; they are legally part of the general fund but can be tracked and informally earmarked for projects tied to the district’s original intent.
Public commenters urged the council to honor that intent. A long-time…
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