Considering the economic recession and the increased taxes the Village of Schaumburg has ALREADY asked local residents and businesses to pay in recent years, is it really a good idea to raise taxes yet again?

At the heart of Costin’s plan was a requirement that all new taxes as well as increases above the rate of inflation would require the approval of voters by referendum.

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!

Schaumburg’s Hotel tax rate is the highest in the area at 14%, and threatens the long term future of the hotel industry.

It’s time to privatize & sell the Schaumburg Trolley. To provide a business friendly environment and promote economic development in Schaumburg the best policies to pursue are to limit unnecessary government spending & lower taxes.

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!