CUSD 300 CFO warns Hoffman Estates data‑center development could complicate future tax revenue
CFO Dr. Williams briefed the board on a large Hoffman Estates data‑center project that uses a Cook County 6B incentive; staff said the phased assessment and 12‑year incentive structure may reduce near‑term tax receipts and complicate tax‑levy planning, and urged the district to track new construction assessment figures closely.
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Dr. Williams, the district’s chief financial officer, briefed the board on a large data‑center development in Hoffman Estates that will come on to the tax rolls under a Cook County 6B economic incentive. He said the project consists of several large buildings and that the 6B incentive phases in taxable assessment over a multi‑year period (the presentation described an approximate 10–12 year phase‑in), which could reduce near‑term property tax revenue relative to full market assessment in early years.
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