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Tick-Tock Goes the Property Tax Clock By Michael Cornicelli, Executive Vice President, BOMA/Chicago One of the more eye-catching headlines I have seen in the last month or so came from Joe Cahill at Crain’s Chicago Business, and it read, “Defuse the property tax bomb.” How appropriate given the extensive sparks flying around the issue of increasing property taxes. Expressing…

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Council Committee Approves Fair Work Week Ordinance July 24, 2019   After obtaining approval from the Chicago City Council Committee on Work Force Development a day earlier, the full City Council passed a substitute version of the Chicago Fair Work Week Ordinance on July 24. Prior to the vote, BOMA/Chicago had maintained its position that language requiring a waiver…

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Illinois House Majority Leader Greg Harris Meets with BOMA/Chicago Board July 23, 2019 BOMA/Chicago welcomed Illinois House Majority Leader Greg Harris at our July Board of Directors meeting. Leader Harris provided a legislative update on energy, tax and state budget issues and Board member shared market insights and concerns. In This Section Board of DirectorsStaffMember DirectoryNewsMedia CoverageFor…

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47th Ward Alderman Matt Martin Tours 200 West Monroe July 23, 2019 Lee Hebert with Accesso Services hosted 47th Ward Alderman Matt Martin on a tour of 200 West Monroe. During the tour and presentation, Lee shared insights about the commercial real estate industry, property taxes and sustainability initiatives, while highlighting the tenants and businesses in…

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No Vote Taken this Session on Property Tax Bill June 11, 2019   At the urging of BOMA/Chicago members and their building tenants, BOMA/Chicago successfully opposed Senate Bill (SB) 1379 this past legislative session. The legislation,  sponsored by Cook County Assessor Fritz Kaegi, would have required commercial properties to submit income and expense data annually. BOMA/Chicago…

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BOMA/Chicago Weighs In on Chicago’s Fair Workweek Proposal June 11, 2019 BOMA/Chicago’s Government Affairs Director, Ron Tabaczynski testified this week at the Workforce Development Committee hearing, relaying concerns from the commercial office industry about Chicago’s “Fair Workweek Ordinance.” The proposed ordinance, introduced in the City Council on May 29, 2019, would require many Chicago employers…

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Chicago’s Next Chapter By Mary Kay Minaghan, MKM Services Mayor Lightfoot Sworn In As Chicago’s 56th Mayor On May 20, Lori E. Lightfoot was sworn in as Chicago’s fifty-sixth Mayor at Wintrust Arena. This was the largest venue for a mayoral swearing-in in recent memory. The crowd was excited and the mood was far less formal…

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2019 Spring Session Update: 1 Week Out By Stephen S. Morrill, Principal of Morrill & Fiedler LLC (M&F), with contributions from Curt Fiedler The House and Senate convene the final week of the scheduled 2019 spring session – with adjournment scheduled for Friday, May 31.  Almost all of the Governor’s legislative priorities – graduated income…

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BOMA/Chicago Teams with Business Group Coalition to Oppose Property Tax Legislation May 28, 2019   At the urging of BOMA/Chicago members and their building tenants, BOMA/Chicago continues to oppose Senate Bill (SB) 1379 in the final days of the General Assembly’s regular session. The legislation is sponsored by Cook County Assessor Fritz Kaegi and would…

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Committee Members Delay Vote on Property Tax Legislation Opposed by BOMA/Chicago May 14, 2019   At the urging of BOMA/Chicago members and their building tenants, the Revenue Committee of the Illinois House of Representatives has delayed a vote on SB 1379, the legislation sponsored by Cook County Assessor Fritz Kaegi earlier this year to require…

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