Thursday, December 15, 2016

Unit 5 Extends Tax Breaks to Rivian

Unit 5 is giving up almost 400-thousand dollars a year in the hope that a start-up car company brings jobs to Bloomington-Normal. School leaders last night voted to extend Rivian tax breaks. Unit 5 is giving up the most money, about 390-thousand dollars a year for the next four years, to get the car maker into the old Mitsubishi plant. Town leaders say without Rivian the plant will be torn down and the school will get nothing. Unit 5 leaders aren't saying how they're going to patch the hole in their budget.

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