The city of Schamburg is trending in the opposite direction of most other cities in the nation.
All is not lost in America today. Instead of raising taxes and fees, the city board of Schamburg voted unanimously to lower them! Property taxes have been lowered by 4.4%, and vehicle sticker and garbage removal fees have been scrapped. From NBC Chicago:
The village of Schaumburg bucked the national trend of raising taxes and fees to cover rising expenses when its board unanimously approved a 4.4 percent reduction to the 2010 property tax levy…
But that’s not all. Village officials also did away with vehicle sticker fees and moved to have property taxes cover garbage removal.The tax reduction is actually part of a plan. Village big wigs promised to reverse the property tax when officials first established it last year to brace against the sagging economy. The village traditionally hasn’t employed a property tax.
Now officials say revenues from hotel (up 6.2 percent) and sales (up 3 percent) taxes were large enough to cover their nut, so they don’t need the property tax to make ends meet.