Comments on: Star Line TIF – $95 Million in Corporate Welfare

By: Schaumburg Can’t Trust Trustees On Property Taxes

Schaumburg Can’t Trust Trustees On Property Taxes — Tue, 16 Nov 2010 15:16:06 +0000

[...] a new Tax Increment Financing district called the STAR line TIF, that will cost local taxpayers $120 million over the next 23 years, including $95 million in corporate welfare [...]

By: Property Tax Coming to Village of Schaumburg?

Property Tax Coming to Village of Schaumburg? — Wed, 04 Nov 2009 16:22:49 +0000

[...] surrounding Schaumburg’s municipally owned Renaissance Convention Center & Hotel. Including $94 million in corporate welfare to tear down and replace existing [...]

By: Time for Property Tax Transparency in Schaumburg

Time for Property Tax Transparency in Schaumburg — Mon, 17 Aug 2009 16:22:54 +0000

[...] transparency because we were shocked to find out, through FOIA requests, Schaumburg plans to spend $94 million of the $120 million in new property taxes on corporate welfare subsidies to real estate [...]

By: Why Do Progressives Love Trains? :: Schaumburg Freedom Coalition

Why Do Progressives Love Trains? :: Schaumburg Freedom Coalition — Tue, 21 Apr 2009 18:33:46 +0000

[...] The revised budget indicates that the only truly public benefit is a $25,000,000 off ramp. The other $94,500,000 is used up for subsidies to private developers. This second budget reveals that the [...]

By: TIF - The Hidden Tax

TIF - The Hidden Tax — Fri, 10 Apr 2009 06:01:50 +0000

[...] my opinion, the Star Line TIF will cost several times the estimate of $120,000,000, if enacted. View Star Line budget article. The existing Olde Schaumburg TIF is currently 681% higher than the original estimate so Schaumburg [...]