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This isn't the correct use of a tax break

Call the Cook County Assessor, Jim Houlihan. Ask that his office deny a $15 million "7B" property tax break over 12 years to Career Education and Keystone Property Group.

The 7B tax break is intended to help redevelop a truly blighted commercial area - not the Woodfield area. The 7B is a last resort when private development is proven impossible - not for buildings such as 231 N Martingale whose owners already planned to develop the property on their own and have spent $11 million since 2007 on it.

The 7B tax break is also intended to increase long term employment, but Career Education is only moving existing jobs from Hoffman Estates to Schaumburg. Not a single new permanent job is promised. See details at schaumburgfreedom.com/taxes/schaumburg-proposes-huge-7b-tax-break-corporation/.

The Village of Schaumburg supports this corporate tax break and created a bogus commercial blight area to enable it. At the same time the Village is proposing a new municipal property tax.

Many taxpayers just paid a big tax increase due to the loss of part of the homeowner's exemption this year. Regular taxpayers are the ones that need a tax break, not Career Education and Keystone Property Group.

Tim Costin

Elk Grove Village

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