The Village of Schaumburg is pleased to announce that the financial services firm S&P Global Ratings (S&P) has reaffirmed the village’s AAA bond rating, which is the highest rating a municipality can attain.

The rating is reflective of the following as noted in the report:

S&P has indicated the village’s outlook is stable based on the expectation that Schaumburg will maintain balanced financial operations.

In the most recent National Community Survey taken in 2021, 95 percent of resident respondents rated the village as an excellent or good place to live. Residents also pointed to the local economy as one of Schaumburg’s strengths, with 91 percent of residents providing positive rankings to Schaumburg’s overall economic health. Schaumburg exceeded national benchmarks for the quality of businesses and services, economic development, business and service variety, the vibrancy of commercial areas, and as a place to work.

Schaumburg’s government ratings also remain strong with 80 percent of respondents expressing an overall confidence in Schaumburg’s government and 82 percent responding favorably to the overall direction that Schaumburg is taking. S&P’s reaffirmation of Schaumburg’s excellent credit quality and strong financial oversight is a reflection of community confidence as well.

Work on the final phase of the Summit Drive resurfacing project has wrapped up recently for the area north of Weathersfield Way to Schaumburg Road. Improvements consisted of milling and resurfacing Summit Drive along with spot curb repairs and installation of handicapped ramps at sidewalk crossings that previously did not meet ADA standards.

Similar to the segment that was completed last fall south of Weathersfield, new striping indicates an exclusive bike lane in each direction. In addition, a dedicated parking lane has been added to the west side of the street; parking is restricted for the east side of the street for this section.

The Village of Schaumburg was awarded federal funding to improve Summit Drive which required issues of on-street parking and on-street bike lanes to be addressed as part of the project. The village also took the opportunity to address complaints and concerns regarding bicyclists, pedestrians, and speeding traffic when evaluating design options. The existing cross-section with on-street parking on one side of the street plus on-street bike lanes was selected in order to minimize impacts to parkway trees and utilities while continuing to provide on-street parking and bicycle facilities for residents along Summit Drive. As with any change to infrastructure, it can take some time for motorists to adjust to the new configuration. For more information about this improvement project, dial 311 in the village.

The Village of Schaumburg encourages the public to participate in its next Community Blood Drive that will take place from 3:30 p.m. to 7:30 p.m. on Tuesday, Aug. 23 at The Barn, 231 S. Civic Dr. in Schaumburg.

Interested blood donor participants should call 1-877-25VITAL (1-877-258-4825) or register online and use sponsor code ORD0SH98. Appointments are highly recommended to reduce wait times; however, walk-ins are welcome.

All participants must wear a face covering at the event. If you are feeling unwell, please stay home.

Participating donors will receive a Culver’s Give a Pint, Get a Pint coupon and will be entered into a drawing for a chance to win one of four $25 Home Depot gift cards. For more information, visit the website, dial 311 in the village, or call the Nursing Division at (847) 923-3766.

The Schweikher House Preservation Trust invites the public to attend a live, outdoor concert on the lawn of the Schweikher House, 645 S. Meacham Rd. The Friday Night Concert features Guitarra Azul Duo and will be held from 5:30 p.m. to 7 p.m. Friday, Aug. 26. Guests may bring chairs, blankets, coolers (BYOB) and snacks to the event. Parking is limited; carpooling is encouraged. Attendees may arrive between 5:30 p.m. and 6 p.m. to explore the grounds, set up chairs and blankets, enjoy a beverage, and get ready for the live music that begins at 6 p.m. For tickets and more information, visit the event website.