Heartland approves Brandt tax breaks, lower tax levy rate

Local News
HCC _1511320407694.jpg

Heartland Community College joins the list of taxing bodies agreeing to give a Canadian manufacturing company tax breaks to move to McLean County.

The board of trustees unanimously approved the deal with Brandt Industries at their meeting Tuesday night. The college is giving up nearly $47,000 dollars over a decade. Brandt has agreed to provide the college with in-kind rebates, like donated services.

President Rob Widmer says he thinks the company will help the community grow.

“What we’re look at with this agreement is a short term action to support a long term investment in our community and our work force,” he explained. “I think another thing that this, Brandt, will bring to us is a little more diversification to our employer base, a manufacturer, rather than financial service or service based and the like.”

Unit 5 School District and McLean County have also approved the deal. Normal Township and the Village of Hudson have postponed their decision. Normal Township is scheduled to vote Wednesday morning. Hudson and the Hudson Fire Protection District will vote next week.

The Heartland board also approved a drop in next year’s property tax rate. Heartland’s tax rate will be about one cent per $100 lower than last year. A homeowner with a $165,000 house will pay about $317, about $7 less in property taxes.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Trending Stories

Latest Local News

More Local News