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Mayor Lightfoot Releases 2022 Preliminary Budget By Mary Kay Minaghan, MKM Services Mayor Lori Lightfoot released her 2022 preliminary budget for the City of Chicago. In the corporate fund, revenues for 2022 are projected to be $4,217.3 million and expenditures are projected to be $4,950.4 million, leaving a deficit of $733 million. Corporate Fund Corporate…

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Historic Impact Review Completed for State/Lake Elevated Station Modernization Project This Spring, BOMA/Chicago participated as a consulting party for the Federal Section 106 Review for the State/Lake Elevated Station Modernization Project. The purpose of the 106 review process is to determine the impact of federally funded projects upon historic properties. BOMA/Chicago is proud to represent out members throughout…

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BOMA/Chicago Participates in BID Steering Committee By Amy Masters, BOMA/Chicago Director of Marketing and Communications BOMA/Chicago is participating in a steering committee with the City of Chicago to develop a state legislative proposal to authorize Business Improvement Districts (BIDs). Currently, Illinois is one of only 5 states that has not enabled BID legislation in some…

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Senate President Don Harmon and Deputy Mayor John O’Malley Attend BOMA/Chicago Board Meeting BOMA/Chicago’s Board of Directors welcomed Illinois Senate President, Don Harmon, and the new City of Chicago Deputy Mayor for Public Safety, John O’Malley, at its July Board meeting. Senate President Harmon provided a session recap and update about pending energy legislation, predicting…

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Due to Inclement Weather Forecast, Lunch on Lasalle Cancelled for August 24 Photo Credit: Eric Masi, Torque Digital ***Please note Lunch on Lasalle on August 24 is cancelled due to inclement weather forecast.*** You won’t want to miss this unique opportunity to dine in the middle of this iconic section of Lasalle Street, right in…

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BOMA/Chicago Leaders Discuss CEJA with Representative Ann Williams April 12, 2021   BOMA/Chicago’s legislative team has been busy with over 79 energy and utility related bills filed in the 102nd Illinois General Assembly.  Over the next several weeks, numerous committee hearings will likely be held on specific bills as well as “subject matter hearings.”  The…

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BOMA/Chicago President Derrick Johnson Testifies in Opposition to Data Exposure Legislation April 7, 2021   BOMA/Chicago President Derrick Johnson appeared at the Illinois House Property Tax Subcommittee on April 1 to testify in opposition to House Bill 860 and House Bill 3529. The legislation, being forwarded by the Cook County Assessor’s Office, would mandate all…

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BOMA/Chicago Taxation Committee Invites Assessor Kaegi to Meet April 5, 2021   Committee Advocates for Greater Transparency and Fairness Given Tax Burden Shift onto Commercial Properties during Recession BOMA/Chicago’s Taxation Committee hosted Cook County Assessor Fritz Kaegi at its meeting on Tuesday, March 30. Topics discussed included the Assessor’s data exposure legislation, Cook County’s unique…

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Take Action: Oppose Legislation That Would Result in Higher Commercial Property Taxes March 23, 2021 BOMA/Chicago is opposing two Illinois House Bills being advanced by Cook County Assessor Fritz Kaegi that we believe would negatively impact commercial office properties and our ability to recruit jobs and investment to our local economy: HB 860 and HB…

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Local 399 Offers Vaccinations to Union Members March 23, 2021   IUOE Local 399 will be distributing vaccine doses to union members on March 29 from 8 a.m. to 2 p.m. at the union headquarters located at 2260 S. Grove Street in Chicago. 200 shots are available on a first-come, first-serve basis. Read the flyer to learn…

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