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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionCity of Schaumburg
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameTax Increment Financing
Program purpose: Capital investment
Statutory authority: (not specified)
Abating jurisdiction(s): Schaumburg
Applicable taxesProperty Tax
Method of abatement: Tax Rebate
Provisions for recapture: (not specified)
Gross revenue loss: $3,833,423
Reimbursement / offset: $0
Net revenue loss: $3,833,423
Type of loss: Active
Additional notes on dislosureAmount is the liability