(WBBM NEWSRADIO) — The village of Schaumburg has plans on how to spend the latest round of federal relief money, though the mayor thinks the northwest suburb may have been shortchanged.
Schaumburg Mayor Tom Dailly on Wednesday said his village expects to receive nearly $10 million through the American Rescue Plan. Some of that sum will be used to repair residential streets, fund assistance programs and more.
But Dailly said basing distribution of that money on the old Community Development Block Grant formula seems to shortchange municipalities like his.
Schaumburg has been Illinois' second-largest tax generator. During the pandemic, he said, the village lost $26 million in tax revenue out of its $108 million budget.
He noted Oak Park, where he grew up, has a budget of less than $80 million but is getting $39 million in relief funds, nearly four times Schaumburg’s share.
The disparity doesn't seem to make sense, the mayor said. Still, he said, the mayor is grateful for what Schaumburg is getting.
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