News
Mayor’s Budget Includes Loading Zone Pilot Program
Mayor’s Budget Includes Loading Zone Pilot Program October 11, 2016 Mayor Emanuel’s proposed 2017 budget includes the creation of a managed pilot whereby the City of Chicago will convert current business-paid loading zones to user-paid loading zones, shifting the responsibility of payment to carriers. The Mayor believes that implementation of user-paid loading zones will create…
Read MoreRecycling Ordinance Gets Updated
Recycling Ordinance Gets Updated August 26, 2016 The City Council amended the Chicago Recycling Ordinance to provide greater clarity to property owners regarding their recycling requirements and to give city officials stronger enforcement capabilities. Under the amended ordinance, property owners of multi-unit residential, office and commercial establishments will now be mandated to provide source-separated,…
Read MoreCity funds Property Tax Rebate Program
City funds Property Tax Rebate Program August 25, 2016 With Springfield failing to act on the Mayor’s proposed doubling of the homeowners exemption, the Chicago City Council approved a City-funded rebate program to help offset the recent $580 million property tax increase. It includes a base rebate for certain homeowners, a senior supplement for…
Read MoreBOMA/Chicago Meets with ComEd, Exelon and Senator Mattie Hunter
BOMA/Chicago Meets with ComEd, Exelon and Senator Mattie Hunter August 25, 2016 BOMA/Chicago leaders, staff and legislative and energy consultants met with Senator Mattie Hunter, Chairman of the Senate Energy and Public Utilities Committee, and representatives from Exelon and ComEd to discuss their proposed rate increase of $7.7 billion over the next ten years. After…
Read More2017 Sprinkler Retrofit Deadline Approaching
2017 Sprinkler Retrofit Deadline Approaching July 19, 2016 BOMA/Chicago is reminding buildings that the deadline for the final phase of the City’s sprinkler retrofit mandate is approaching. The Sprinkler Installation Ordinance (13-196-205), passed in 2004, mandates all pre-1975 commercial high rise buildings that are not landmarked to install full sprinkler systems by January 1, 2017.…
Read MoreIllinois General Assembly Approves New “Transit TIF”
Illinois General Assembly Approves New “Transit TIF” July 18, 2016 Legislation introduced and approved by the Illinois General Assembly on June 30, 2016 would allow for a new type of TIF district (called a “transit TIF”) to provide a new financial tool intended to help the City of Chicago and the CTA with funding…
Read MoreFinally a State Budget… Sort Of
Finally a State Budget… Sort Of July 18, 2016 The Illinois General Assembly succeeded in passing a “stop gap” budget to avoid, by a few hours, the distinction of going a full 12 months without a fully enacted budget. The measure will allow the State to keep agency operations intact for the next six…
Read More2016 Illinois Legislative Wrap-Up
2016 Illinois Legislative Wrap-Up July 1, 2016 The regular session of the Illinois General Assembly adjourned on May 31 with no resolution to the budget stalemate that had log-jammed many other major legislative proposals and created an unusual, but increasingly familiar, political dynamic in the state house. Nonetheless, BOMA/Chicago’s legislative team was quite busy during…
Read MoreCPS Legislation Provides Pension Payment, Levy Increase
CPS Legislation Provides Pension Payment, Levy Increase June 30, 2016 The other shoe appears ready to drop on the unresolved CPS pension issue. A House amendment to Senate Bill 318 allows the City of Chicago to impose a new property tax levy for Chicago Public Schools (CPS) pensions. The record $580 million property tax levy…
Read MoreChicago City Council Mandates Paid Sick Leave
Chicago City Council Mandates Paid Sick Leave June 30, 2016 After more than a year of discussions, the Chicago City Council unanimously passed an ordinance in June that allows employees to accrue and use up to five earned sick days over the course of one year. Chicago now joins many other cities with similar…
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