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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.

State or TerritoryIllinois
Effected JurisdictionCity of Schaumburg
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameClass 6B Incentive Program
Program purpose: Industrial development
Statutory authority: (not specified)
Abating jurisdiction(s): Cook County
Applicable taxesProperty Tax
Method of abatement: Reduction in assessed value
Provisions for recapture: (not specified)
Gross revenue loss: $9,842,784
Reimbursement / offset: $0
Net revenue loss: $9,842,784
Type of loss: Passive
Additional notes on dislosure(none)