Recently, the Village of Schaumburg and the Schaumburg Flyers agreed to settle delinquent unpaid rent for the 2007-2009 period, for $580,000 at the time of … Read more › 3 comments
Brian Costin
@briancostin
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Politics and government
Schaumburg Flyers $1.2M Delinquent in Payments, Village Officials Look the Other Way
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Schaumburg Resident Wins National Government Watchdog Award
Brian Costin, President of the Schaumburg Freedom Coalition and candidate for Schaumburg Mayor in 2011, is being awarded a Government Watchdog Sammie by the Sam … Read more ›
Politics and government
Schaumburg Sales Tax Rollback Effort Collects 1,250+ Signatures
At the October 27th, 2009 Schaumburg Village Board meeting the Schaumburg Freedom Coalition will present to Mayor Al Larson and the Village Trustees over 1,250 … Read more ›
Politics and government
Schaumburg Freedom Coalition Takes Tax Rollback Message to Septemberfest Parade
Cook Countys sales taxes are out of control. Last summer, Todd Stroger and the Cook County Board decided to raise taxes even higher meaning local … Read more ›
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With the 30,000 riders (extremely optimistic) & $356,655 cost, the average subsidy in taxes for each ride equals $11.89, or $23.78 per round trip (2 rides).
Should we be subsidizing people at the cost of $23.78 per round trip on the Schaumburg Trolley?
The stated motivation of the trolley is to increase retail sales & hotel business. To get $356,655 back into the Village coffers from the 2% in sales tax (Municipal Sales Tax & State share of sales tax) revenue each rider would have to spend $594.43 per each ride, and $1,188.85 for a round trip of 2 rides.
Do we know if the average trolley rider spends $1,188.85 per round trip after riding the trolley?And if they are spending that much money per trip why do they need a $23.78 subsidy from the taxpayers to ride the trolley?
The best thing we can do for Woodfield Mall and the other surrounding businesses is to limit government spending & lower taxes.
Posted to Village seeks to cut trolley costs - Schaumburg
RandomReader,
I would love to address your concerns about “inaccuracies and speculation” in this article but you don’t state what is inaccurate or speculation. Can you be more specific?
Posted to Schaumburg Flyers $1.2M Delinquent in Payments, Village Officials Look the Other Way - Schaumburg
New TIF District Property Tax Cost: Also to note is the $120 million STAR Line TIF district will cost an average of over $5 million in property taxes per year over the next 23 years. Which is 239% more than what is collected now in property taxes in the Olde Schaumburg Center TIF district.
Posted to Schaumburg Cant Trust Trustees On Property Taxes - Schaumburg
Schaumburg Does Have Property Tax: …but it just doesn’t levy it directly.
As you can see in the 2008 Schaumburg Treasurer’s Report linked below the Village of Schaumburg collected in the Capital Funds section a TIF Property Tax Increment of $2,172,926
http://www.schaumburgfreedom.com/transparency/attachment/treasurers-report-2008/
The other taxing bodies such as District 211, District 54, Schaumburg Library, Park District, & Township, along with Cook County levy the property taxes and a percentage is diverted from its stated purpose on the property tax bill into the Various Tax districts including Schaumburg’s Old Schaumburg Center & STAR Line TIF districts.
Posted to Schaumburg Cant Trust Trustees On Property Taxes - Schaumburg
Excited about Schaumburg Trib Local: Since we lost the Schaumburg Review a while back we have been lacking an outlet for Schaumburg stories. I’m hoping Trib Local fills that hole and more!
Posted to Welcome to Triblocal.com - Algonquin
Excited about Schaumburg Trib Local: Since we lost the Schaumburg Review a while back we have been lacking an outlet for Schaumburg stories. I’m hoping Trib Local fills that hole and more!
Posted to Welcome to Triblocal.com - Barrington Area
Excited about Schaumburg Trib Local: Since we lost the Schaumburg Review a while back we have been lacking an outlet for Schaumburg stories. I’m hoping Trib Local fills that hole and more!
Posted to Welcome to Triblocal.com - Cary & Fox River Grove
Excited about Schaumburg Trib Local: Since we lost the Schaumburg Review a while back we have been lacking an outlet for Schaumburg stories. I’m hoping Trib Local fills that hole and more!
Posted to Welcome to Triblocal.com - Elk Grove Village
Excited about Schaumburg Trib Local: Since we lost the Schaumburg Review a while back we have been lacking an outlet for Schaumburg stories. I’m hoping Trib Local fills that hole and more!
Posted to Welcome to Triblocal.com - Hoffman Estates
Excited about Schaumburg Trib Local: Since we lost the Schaumburg Review a while back we have been lacking an outlet for Schaumburg stories. I’m hoping Trib Local fills that hole and more!
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