Every year, the Village of Schaumburg establishes a 5-year Capital Improvement Plan, or CIP. The plan prioritizes investments that will be made to roadways, water and sewer utilities, street lights, sidewalks, parking lots, traffic signals, and buildings. Projects are evaluated based on feasibility, priority, and available funding. The 5-year plan represents a significant undertaking and serves as a catalyst for maintaining a high quality of life, supporting the local economy and fostering economic growth.
The Overall 5-year Plan
The 5-year plan totals $170 million or approximately $34 million per year, on average. Of the $170 million, the village anticipates receiving at least $57 million in grant funding to help offset the village’s investment. The 5-year plan focuses on improving the long-term viability of our infrastructure with future generations in mind.
On the Horizon for Fiscal Year 2016/2017
The list of capital projects for 2016-17 totals approximately $42 million, and the village is expected to receive about $10 million in grant funding.
Approximately $6.375 million of this year’s $42 million capital investment will be dedicated to maintaining and rehabilitating residential streets through the Residential Street Repair Program. The village will invest $9 million in improvements in the North Schaumburg Tax Increment Financing (TIF) District. Improvements there include the new I-90 interchange at Meacham Road and the enhanced interchange at Roselle Road.
An additional $6 million is budgeted in the Vital Streets Program which accounts for costs associated with reconstructing major roadways including the reconstruction of Springinsguth Road between Irving Park Road and the south end as well as Wiley Road from Plum Grove Road to Tower Road in 2016. The program also includes design work for the future reconstruction of Plum Grove Road, Woodfield Road, and State Parkway and National Parkway.
Schaumburg will continue to remove EAB diseased trees through its Emerald Ash Borer (EAB) program and begin reforestation with the planting of 1,200 new trees to replace trees that were lost to the devastating insect.
Finally, 2016-17 will be the second year in a 4-year process to replace 12,400 water meter data transmitters that have reached their expected life. This program is designed to ensure uninterrupted meter reading.
The village’s Capital Improvement Plan was approved at the January 12 village board meeting. View the Capital Improvement Plan. The first year of the plan is incorporated into the annual budget and the remaining five years of the plan are used for planning purposes. Projects may change from year to year depending on needs and funding opportunities.
To manage this process the village has a Capital Improvement Plan committee made up of representatives from involved departments. Each month this committee reports the status of the projects in the construction or budgeted phase of the plan. Additional information on major projects can also be found on our construction page.