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BOMA/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…

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Vote 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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BOMA/Chicago Files Lawsuit Opposing Transfer Tax Referendum

BOMA/Chicago Files Lawsuit Opposing Transfer Tax Referendum BOMA/Chicago filed a lawsuit against the Chicago Board of Election Commissioners. The suit seeks an injunction prohibiting the Commissioners from certifying and placing the proposed Transfer Tax Referendum question on the March 19, 2024, Primary Election ballot. BOMA/Chicago, along with a broad cross-section of associations and companies representing contractors,…

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BOMA/Chicago Opposes Transfer Tax Increase 

BOMA/Chicago Opposes Transfer Tax Increase  As part of a coalition of business, real estate, and construction groups, BOMA/Chicago opposes the Bring Chicago Home Transfer Tax proposal. The proposal would increase transfer taxes by 253%, increasing the City’s transfer tax from $5.25 to $14.75 per every $500 of value. While the commercial office industry recognizes the…

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BOMA/Chicago Opposes Transfer Tax Increase 

BOMA/Chicago Opposes Transfer Tax Increase  As part of a coalition of business, real estate, and construction groups, BOMA/Chicago opposes the Bring Chicago Home Transfer Tax proposal. The proposal would increase transfer taxes by 253%, increasing the City’s transfer tax from $5.25 to $14.75 per every $500 of value. While the commercial office industry recognizes the…

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Delay in Property Tax Bills Subject of Cook County Board Hearing

Delay in Property Tax Bills Subject of Cook County Board Hearing The Cook County Finance and Technology and Innovations Committees met in joint session on Monday, April 25 to discuss the anticipated delays in property tax billing caused by the Cook County Assessor. Ron Tabaczynski, BOMA/Chicago Director of Government Affairs provided testimony explaining how late…

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2022 End of Session Report

2022 End of Session Report By Cozen O’Connor Public Strategies Overview Over the course of their spring 2022 legislative session, Illinois lawmakers passed a bevy of bills designed to shore up state finances and woo Illinois voters ahead of the 2022 election cycle. The General Assembly’s April 9 adjournment, more than a month earlier than…

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Property Taxes Focus of Crain’s Op-Ed Penned by BOMA/Chicago Executive Director Farzin Parang

Newspapers

Property Taxes Focus of Crain’s Op-Ed Penned by BOMA/Chicago Executive Director Farzin Parang BOMA/Chicago Executive Director, Farzin Parang, recently authored an opinion piece on property taxes that was published in Crain’s Chicago Business, “Property Taxes Don’t Have to Be a Zero-Sum Game. The text of the letter is below. Property Taxes Don’t Have to Be a…

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BOMA/Chicago Board and Taxation Committee Meet with Assessor Candidate Kari Steele

BOMA/Chicago Board and Taxation Committee Meet with Assessor Candidate Kari Steele Members of BOMA/Chicago’s Board of Directors and Taxation Committee met with Metropolitan Water Reclamation District Chairman and Cook County Assessor candidate, Kari Steele this week. Chairman Steele is running against incumbent Assessor Fritz Kaegi, who is serving his first term. During his first term…

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Board of Review Candidate George Cardenas Meets with Taxation Committee

Board of Review Candidate George Cardenas Meets with Taxation Committee 12th Ward Alderman and Board of Review candidate, George Cardenas, met with members of the Taxation Committee in November. Alderman Cardenas is running against incumbent Democratic Board of Review Commissioner Tammy Wendt, who is serving her first term. Alderman Cardenas spoke about his experience and…

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