A recent report from the Daily Herald revealed the cash starved Village of Schaumburg that passed a monumental new municipal property tax has found $750K in cash for “historical preservation”.

From 1987-2009 Schaumburg’s budget grew 260% faster than population growth + inflation. It is set to grow 20% more from 2009-11.

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

Village employees handed out a flyer that was in direct response to harsh criticism the Village has received in regards to numerous examples of wasteful spending highlighted by the Schaumburg Freedom Coalition over the last few years.

The citizens of Schaumburg deserve a full account of the truth in regards to this misleading flyer and the below article is part one of the response to the Village’s flyer.

Let’s take a second look at Village salaries before we permanently commit to a new huge property tax that will punish local residents and businesses.

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.

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”.

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.

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!

The citizens of Schaumburg should have the power to approve or reject this property tax proposal at the ballot box.

Mayor Larson is addicted to Tax & Spend Big Government. It really is time for a change of leadership at the top.

Is there a plan by our Village Trustees and Mayor Larson to create a whole new municipal property tax in Schaumburg?

Over 1,250 signatures to roll back Schaumburg’s home rule sales taxes, including over 600 from Schaumburg residents, have been collected by the Schaumburg Freedom Coalition.

Schaumburg should take a hint from Mayor Johnson of Elk Grove Village and shut down the wasteful spending in the Old Schaumburg Center TIF district.