Target takes big advantage of Cook County tax deferral
The solidly profitable company taps a COVID relief program to delay paying tens of millions.
Bloomberg
The big-box retailer whose actions repeatedly have set off Chicago public officials is taking full advantage of a special Cook County program to delay paying tens of millions of dollars in property tax bills, even though it’s highly profitable.
Records obtained from Cook County Treasurer Maria Pappas’ office under a Freedom of Information Act request indicate that Target, which operates at least 20 stores in Chicago and other portions of Cook County, has not yet paid $16.7 million in property taxes that were due March 2. The taxes are for the first installment of this year’s bill.