Across all funds Village of Schaumburg expenditures are set to skyrocket from $190.4 million to $233.8M in just one year, a shocking 22.8% in just one year!

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

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.