As has been mentioned before, the museum group has two funding goals — a private funding goal and a public funding goal. The $40 million county tax is supposed to plug the public funding goal, but that will still leave the museum $11 million short on the private funding side. Whenever they’re asked about this at town hall meetings, the answer heretofore has been that the CEO Roundtable had committed to raising $8 million of the remaining money from private sources, and that the museum group is “confident” that they can raise the remaining $3 million not covered by that.

Now, it appears they’re trying to plug the private funding gap with (drum-roll, please) more public funds! Stimulus funds, to be exact. There was a press conference yesterday that featured state senator Dave Koehler and Illinois Secretary of Transportation Gary Hannig.

There might yet be additional state and federal money available for the $136 million Build the Block project, maybe enough to close the funding gap that would still exist even if voters approve the sales tax increase next week. At least that’s the hope of state Sen. David Koehler, D-Peoria. He said Monday he would try to help procure $4 million of federal economic stimulus money for an underground parking garage and an additional $10 million from a state capital bill to close the funding gap.

Isn’t that interesting? If we were to get, say, $14 million additional from state and federal sources, the plan is to use it to plug the private funding gap, not lower the local tax commitment. The reason the museum is coming to the county for funding is because they didn’t receive as much in federal/state funds as they originally thought they were going to get. Now that they’re possibly going to get more federal/state funding, it should go to reduce the local tax burden, not prop up private funding shortfalls.