Pritzker Rejects Bears Tax Break, Calls for Transit Reform

Governor JB Pritzker firmly dismissed the idea of a property tax break for the Chicago Bears during a forum hosted by the Economic Club of Chicago on October 24, 2023. The Bears are currently pursuing plans for a stadium and mixed-use development in Arlington Heights, seeking significant financial assistance that includes an extended property tax reprieve and approximately $855 million in infrastructure subsidies.

Pritzker emphasized the need for fiscal responsibility, stating, “Building a couple billion-dollar stadium for them, promising that they won’t pay any property taxes, we shouldn’t do that. That’s not good for the taxpayers.” He highlighted that the Bears, valued at $9 billion, should not rely on taxpayer funds for their ventures.

The governor articulated the state’s willingness to assist businesses in Illinois, asserting that help should not come in the form of direct financial responsibility for their facilities. “When companies come to the state of Illinois … and they want help to grow, or build something new and big — we help,” Pritzker explained. “What I’m not for — is that we’re responsible for building your factory. Or we’re responsible for building your new headquarters.”

Pritzker also addressed the financial crisis facing public transit systems, which are projected to encounter a $230 million shortfall in 2026, escalating to $834 million in 2027. He urged lawmakers to consider a bailout for the Metra, Pace, and the Chicago Transit Authority (CTA) during the fall veto session, which concludes on October 30, 2023.

The governor stressed the importance of collaboration among all stakeholders, stating, “It’s not just a state effort… counties and the city are contributors … along with the state.” He highlighted the need for reforms in the governance of the transportation systems to ensure efficiency and sustainability.

Responding to a question from moderator Chris Jones, editor of the Chicago Tribune, Pritzker acknowledged potential resistance from some Republican lawmakers regarding a Democratic rescue plan for transit. He asserted that achieving a “world-class system” would be transformative for both the economy and its users, adding, “And guess what — that means you’ve got to pay for it. Somebody’s got to pay. We all have to pay.”

In addition to discussing transit funding, Pritzker rejected a proposed “head tax” on employees at larger businesses included in Chicago Mayor Brandon Johnson’s budget plan. He argued that such a tax would hinder job growth and discourage companies from relocating to or staying in Chicago. “I am absolutely foursquare opposed to a head tax for the city of Chicago,” Pritzker stated, emphasizing the need to foster employment rather than penalize it.

This forum showcased the delicate balance between supporting local businesses and ensuring taxpayer interests are protected, as Illinois navigates its financial landscape.