Unit 5 finalizes first year of Brandt tax breaks

Money
Brandt Industries, located just north of Normal, will receive the first in a series of annual tax breaks from Unit 5 following school board action Wednesday night. (Photo courtesy Flickr/401K2012)

 

By Howard Packowitz

NORMAL – Canada’s Brandt Industries, which builds agricultural equipment just north of Normal, is receiving its first in a series of tax breaks from Unit 5.

The school board Wednesday night voted unanimously to abate all 2018 property taxes on two parcels of land and half of the taxes on three other parcels. That amounts to $39,383.77, according to the school district’s attorney Curt Richardson.

Brandt and local governments signed a development agreement in which the company receives a series of tax breaks over 10 years in return for meeting certain hiring objectives.

Brandt has exceeded those expectations, with 77 full-timers working at the factory earlier this year. Brandt pledged 50 full-time workers by now.

The Heartland Community College Board took similar action in Brandt’s favor earlier this month.

Howard Packowitz can be reached at howard.packowitz@cumulus.com

Blogs

WJBC Voices: Plus ca change…

No Neck and his Democratic buddies patted themselves on the back and told us how happy we should all be now that we have a “balanced” budget for the first time in years.

WJBC Voices: Bipartisan fixing the pothole

Now that the spring legislative session is over, it’s amazing to reflect all that was completed: a balanced budget, legalized cannabis and a long-overdue infrastructure bill to fix our roads and bridges.