My dear friends and neighbors,
Please watch this revised video first. It tells the story.
Our school district needs your help.
Community Unit School District 300 (D300) expands over 118 square miles starting east in portions of Hoffman Estates all the way to Hampshire incorporating 15 villages. Sears corporate campus lies within this footprint on the eastern edge of D300. Years ago, an Economic Development Area was created to build the Sears complex and is now administered by Hoffman Estates. Property taxes during those growth years were diverted from D300.
The EDA is set to expire on 2013. This spring, legislative gamesmanship took place without D300 at the table where Senate Bill 540 was passed in the House but wisely stopped by our Senator Pamela Althoff.
D300 faces the fight of its life in veto session to right a wrong. There are many ways in which you can help.
- Be informed. The timeline of events and the genisis of SB 540 are itemized in the link in Step 2. Please read the history and the consequences if we cannot convince Senators to put a stop to SB540.
- Sign the petition. You can find the petition here: End Sears Corporate Tax Breaks and Fund Our Schools not Hoffman Estates!! You’ll find a critical statement in here that indicates SB540 allows Hoffman Estates to take care of public buildings. Hoffman Estates just acquired the Sears Centre which would allow them to divert the money from the Sears coporate HQ to the Sears Centre while taxpayers in D300 must continue to pay for Sears obligations.
- Register to call legislators and municipal leaders and Invite Lawmakers to Our October 13, 2011 Rally!
- Attend the Public Information Forum @ 6:30 pm on Thursday Oct. 13 @ JACOBS HIGH SCHOOL (change of venue)
What to do to stay current:
District 300 now has an up-to-date site with facts and you can reach it here District 300.
Below are recent links to the ongoing struggles. You’ll be amazed at what’s happening. I’ll keep adding what I find as this progresses.
9/30/2011 “A CALL TO ACTION RE: THE SEARS ECONOMIC DEVELOPMENT AREA (EDA)
The Illinois State Senate plans to vote in a couple of weeks on Senate Bill 540. Amendment 3 of this bill would rob our schools of more than $200 million over the next 15 years. Just imagine what that funding could do for class sizes, programs, educational resources, and our financial security. Not only would Amendment 3 severely hurt the educational opportunities of our students, but its passage may also require additional layoffs of D300 staff and would continue to shift the tax burden from Sears Corporate Holdings and Hoffman Estates residents onto the taxpayers of D300. We believe that 23 years has been long enough.”
9/30/2011 “To be very clear, we are NOT against Sears. Sears employees are our friends and neighbors. They are the parents of our students, and they are a vital part of our community. We want to find a win-win solution for Sears and our community. However, Amendment 3 of Senate Bill 540 would actually make it easier for Sears to leave Illinois. So if the state wants to keep Sears in Illinois like we do, the EDA is not the way. We made this video to show our unified position on this incredibly important and highly time sensitive issue: http://bit.ly/NoWayEDA. If you share our grave and urgent concern after watching this video, please take the following actions http://bit.ly/NoWayEDA.
Sears has threatened to leave if they do not recieve the extension. This is a business decision on Sears part but the EDA remains should SB540 pass. Many noted business journals have indicated that Sears intends to do just that, leave or dissolve. With that stated, there is absolutely no reason to extend the EDA. Here are links that will give you the 411 on the financials of Sears and its leadership.
Senate Bill 540 see Amendment 3: http://www.ilga.gov/legislation/billstatus.asp?DocNum=540&GAID=11&GA=97&DocTypeID=SB&LegID=55348&SessionID=84
Fraction Thortonal Loss on Tax Assessment filed by Sears: http://www.nwitimes.com/news/local/illinois/calumet-city/article_3d81ba90-126b-5e45-b4d3-38ae27448957.html
Orland Park returns tax dollars to Sears: http://triblocal.com/orland-park/2011/04/04/d230-to-give-222k-refund-to-sears/
Selling off the pieces: http://www.forbes.com/sites/lauraheller/2011/08/31/the-real-value-of-sears/?partner=yahootix
Forbes: Are Sears and Kmart Goners? http://www.forbes.com/sites/lauraheller/2011/08/31/are-sears-and-kmart-goners/?partner=yahootix
Esquire: The End, Old Friend, The only value left at Sears and Kmart is the bet against them http://www.esquire.com/features/portfolio/department-store-stocks-0911#ixzz1WdBu2fsZ