Schaumburg Freedom Coalition » Tim Costin

Schaumburg Freedom Coalition Saves Taxpayers $15M; Career Education’s Tax Scam Denied

Tim Costin — Thu, 11 Feb 2010 18:44:36 +0000

Career Education was bluffing all along to see what they could squeeze out of the taxpayers. Related posts:

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Special Tax Break Shows Schaumburg’s Political Blight

Tim Costin — Thu, 17 Dec 2009 06:36:54 +0000

The secrecy, deception, and total lack of due diligence in the determination of this blight expansion is an outrage. Related posts:

Schaumburg Freedom Coalition Saves Taxpayers $15M; Career Education’s Tax Scam Denied Career Education was bluffing all along to see what they...
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Schaumburg to Give Developer Huge Property Tax Cut. Fair to Citizens?

Tim Costin — Tue, 01 Dec 2009 16:51:43 +0000

Since the building was actually vacant for less than one year before the purchase on January 4, 2007, this building is not eligible for the 7B tax break. Related posts:

Schaumburg Freedom Coalition Saves Taxpayers $15M; Career Education’s Tax Scam Denied Career Education was bluffing all along to see what they...

Career Education 7B Tax And Employment Analysis

Tim Costin — Mon, 30 Nov 2009 20:16:01 +0000

It is unlikely that the Career Education Corporation 7B redevelopment to meet the requirement being “reasonably expected to ultimately result in an increase in real property tax revenue and employment opportunities within the area”. Related posts:

Schaumburg Freedom Coalition Saves Taxpayers $15M; Career Education’s Tax Scam Denied Career Education was bluffing all along to see what they...
Schaumburg’s Out of Control Spending Continues, Expenditure Caps Needed From 1987-2009 Schaumburg's budget grew 260% faster than population growth...

Career Education 7B Government Assistance Analysis

Tim Costin — Mon, 30 Nov 2009 20:07:24 +0000

Career Education says they cannot relocate their headquarters to the vacant building at 231 N Martingale without a 60% property tax break for 10 years. This claim is weak and unsubstantiated. Related posts:

Schaumburg Freedom Coalition Saves Taxpayers $15M; Career Education’s Tax Scam Denied Career Education was bluffing all along to see what they...
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Career Education 7B Blight Analysis

Tim Costin — Mon, 30 Nov 2009 20:01:16 +0000

Due diligence by the Village is so perfunctory and meager that the Village Board and staff were not aware of what buildings were in their own Commercial Blight Area Resolution! No related posts.

TIF – The Hidden Tax

Tim Costin — Fri, 10 Apr 2009 06:01:42 +0000

The Village of Schaumburg claims in the Star Line Plan that "A TIF does not increase taxes". This is utter nonsense. No related posts.

Illinois TIF Act Plan Requirements

Tim Costin — Sun, 29 Mar 2009 05:40:42 +0000

TIF Act. Section 65ILCS 5/11-74.4-3 of The Act states:

(n) “Redevelopment plan” means the comprehensive program of the municipality for development or redevelopment intended by the payment of redevelopment project costs to reduce or eliminate those conditions the existence of…

No related posts.

Star Line TIF – $95 Million in Corporate Welfare

Tim Costin — Sun, 29 Mar 2009 05:35:54 +0000

If it were not for a Freedom of Information Act request, the Village of Schaumburg would still be hiding the $95,000,000 corporate welfare subsidy. No related posts.

Hidden Star Line TIF Maps

Tim Costin — Sun, 22 Mar 2009 00:10:22 +0000

For $119.5 million, the taxpayer is entitled to a map showing the buildings, roads, parking lots, train stations or other structures that are planned to be demolished or constructed using taxpayer money. However, the Village of Schaumburg hasn't provided this. No related posts.

STAR Line TIF – The Train to Nowhere?

Tim Costin — Wed, 18 Mar 2009 04:26:33 +0000

For Schaumburg commit to spending over $120 million of our tax dollars to the Star Line area before obtaining Metra's commitment and sustainable funding for the line is both unwise and unrealistic. No related posts.