To be effective in implementing its Climate Action Plan, the City of Bloomington has allocated permanent funding toward its local climate action and sustainability initiatives. This funding supports the various different programs of the City that address local climate action and resilience goals, as well as pays for the overhead associated with staffing and coordinating these initiatives.
In addition to temporarily-authorized grants that can be used for specific projects, the City of Bloomington has a number of different funding sources that help pay for its local climate action efforts. This includes funding from the General Fund which is the primary municipal budget passed by the City Council each year, as well as funding from various other sources.
One of these is the Economic Development Local Income Tax (ED-LIT) which was passed in 2020. Bloomington is one of just a few cities in the United states that has a dedicated source of funding for its climate initiatives like this beyond the General Fund. ED-LIT is an innovative financing pathway that supports Bloomington’s leadership in the local government sustainability and climate action space.
Establishing funding streams like ED-LIT which are earmarked for local climate action work specifically is called for in Strategy CE 3-B in the City’s Climate Action Plan (CAP).
Goal CE 3. Develop new mechanisms for financing City climate action plan implementation.
Metrics
Total City-budgeted dollars dedicated toward climate action in Bloomington
As of 1/1/2025
Public Infrastructure
By allocating funds to upgrade and build resilient infrastructure, ED-LIT contributes to the development of sustainable public transportation, energy-efficient buildings, and improved water management systems, which are all critical for a climate-first economy.
Economic Development
Financing pathways like ED-LIT can stimulate economic development by directing investments toward green businesses and clean technology sectors, fostering job creation and industry growth. They also encourage local entrepreneurship and innovation by providing financial support for sustainability-focused startups and initiatives.
Racial & Social Equity
ED-LIT’s targeted investments in underserved communities can help address historical inequities by improving access to sustainable resources and economic opportunities. Furthermore, the involvement of these communities in planning and implementing climate projects ensures that the benefits of a climate-first economy are distributed more equitably.
Action | ||
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![]() | Pursue federal, state, and and philanthropic grants to fund local climate action | |
![]() | Develop new funding pathways for a climate-first economy |