The car manufacturer is promising to bring more than 1,000 jobs to Normal, Ill., after being offered $49.5 million in state tax credits and more in local tax credits and abatements.
Chicagoans are the most-taxed residents of any major city in Illinois and pay the 10th-highest property taxes compared to taxpayers in other large U.S. cities.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.