Advocacy
BOMA/Chicago Taxation Committee Issues Proposed Property Tax Reforms
BOMA/Chicago Taxation Committee Issues Proposed Property Tax Reforms Chicago leads the nation in commercial property taxes and has adopted many counter-productive tax policies. BOMA/Chicago’s Taxation Committee has developed a slate of property tax reforms endorsed by the association. In addition to classification reform to allow for a fairer assessment of all properties and encourage investment…
Read MoreBOMA/Chicago Prevails in Utility Rate Design Case to Lower Costs, Increase Transparency
BOMA/Chicago Prevails in Utility Rate Design Case to Lower Costs, Increase Transparency Two BOMA/Chicago recommendations supporting large office buildings were adopted by The Illinois Commerce Commission (“ICC”) in its final order for ComEd’s Rate Design Case. The ICC’s order approves reduced Beneficial Electrification (“BE”) plan costs allocated to large office buildings compared to ComEd’s original…
Read MoreAfter Property Tax Increase Eliminated, Mayor’s Budget Passes City Council
After Property Tax Increase Eliminated, Mayor’s Budget Passes City Council City Council passed the Mayor’s revised $17.1B budget on Monday, December 16. The budget excluded the originally proposed $300 million property tax increase. After City Council unanimously rejected the initial proposal, the Mayor scaled back the tax hike, presenting additional budgets that included a $150M…
Read More2024 Advocacy Award Recipients
2024 Advocacy Award Recipients Civic Partner Award: Chicago Police Department Honors a government partner that exemplifies dedication to public service and civic collaboration. BOMA/Chicago is proud to recognize the Chicago Police Department for its vital partnership with BOMA/Chicago’s Preparedness Committee and Public-Private Task Force. During heightened protests and civil unrest due to international conflicts and…
Read More2024 NASCAR Chicago Street Race Resources
2024 NASCAR Chicago Street Race Resources The Chicago Street Race is home to the first-ever NASCAR Cup Series street race in the 75-year history of NASCAR. Located in downtown Chicago, the 2024 event will once again take competitors past and through many of the city’s most renowned downtown landmarks on Michigan Avenue, South Columbus Drive,…
Read MoreDemocratic National Convention Resources
Democratic National Convention Resources The Democratic National Convention (DNC) will take place from Monday, August 19 to Thursday, August 22, with approximately two weeks of setup beforehand and one week of teardown of security measures afterward. The larger evening events will be hosted at the United Center, while the McCormick Center West will host daytime activities.…
Read MoreMail Fraud Resources and Best Practices
Mail Fraud Resources and Best Practices USPS Inspectors with the United States Postal Inspection Service, Erin Leipold and Jennifer Smith, attended the March 2024 Preparedness Committee meeting to present information and resources about mail fraud. Best practices: Call 1-877-876-2455 to report mail theft to the Postal Inspection Service, and file a report with Chicago Police…
Read MoreVote NO on Mayor Johnson’s Transfer Tax Hike Referendum on March 19 Election
Vote NO on Mayor Johnson’s Transfer Tax Hike Referendum on March 19 Election Mayor Johnson’s Transfer Tax Hike will hurt our entire City. In the post-Covid era, with workers opting to stay home, high interest rates, and marked increases in labor and material costs, Chicago’s downtown faces momentous challenges, including record high vacancy rates and…
Read MoreBOMA/Chicago Prevails in Lawsuit Opposing Transfer Tax Referendum
BOMA/Chicago Prevails in Lawsuit Opposing Transfer Tax Referendum Today, BOMA/Chicago and a coalition of associations and companies prevailed in a lawsuit against a manipulative attempt to dramatically increase real estate transfer taxes in Chicago. The Cook County Court ruled in favor of the plaintiffs who argued that the Transfer Tax Referendum question originally placed on the March 19, 2024, Primary…
Read MoreVote NO on the Transfer Tax Increase Referendum
Vote NO on the Transfer Tax Increase Referendum Though BOMA/Chicago prevailed in Circuit Court on Friday – with the judge ruling that the Transfer Tax Increase Referendum should be invalidated and votes not tallied – the decision is being appealed by both the City of Chicago and the Chicago Board of Elections. As we await…
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