Business

Kaegi to meet with manufacturers Wednesday in Schaumburg

Posted March 26, 2019 1:00 am

SCHAUMBURG - Cook County Assessor Fritz Kaegi will meet with leaders of the Technology & Manufacturing Association and manufacturers from throughout the region Wednesday to discuss his plans regarding property assessments for Cook County residents and industrial/commercial properties.

The event is set for 7:30 a.m. to 9 a.m. at the Technology & Manufacturing Association, 1651 Wilkening Road, in Schaumburg.

Kaegi also will discuss proposed legislation in Springfield that would improve data collection and bring Cook County and Illinois in line with professional practices used by assessors in at least 17 other states. The measures would allow his office to collect operating income and expense data for income-generating properties. Other counties, by County Board resolution, may opt in to this practice and authorize their assessors to collect this data.

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