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No Vote Taken this Session on Property Tax Bill

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 Teams with Business Group Coalition to Oppose Property Tax Legislation

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

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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BOMA/Chicago Raises Concerns About Assessment Legislation

BOMA/Chicago Raises Concerns About Assessment Legislation March 11, 2019   BOMA/Chicago’s Ron Tabaczynski testified at House and Senate committees to oppose legislation introduced by Cook County Assessor Fritz Kaegi, voicing concerns about unforeseen shifts in tax burdens to commercial properties. The legislation would require income producing properties to submit income and expense data annually in…

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Advocacy Updates: Illinois Legislature on Pace for Busy Year

Advocacy Updates: Illinois Legislature on Pace for Busy Year February 19, 2019   When the deadline for bill introduction came on February 15, Illinois senators and representatives had filed over six thousand pieces of legislation for consideration in the 101st General Assembly.  Add to that substantive amendments and there will be 10,000 to 12,000 legislative proposals…

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City Council Considers Transfer Tax Proposals

City Council Considers Transfer Tax Proposals November 27, 2018   BOMA/Chicago has been actively opposing three transfer tax proposals currently up for consideration in the City Council. Cumulatively, the three proposals total an increase of $12.00 per $500 and, if all passed, would increase the City portion of the transfer tax from the current $3.75…

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Demystifying the State Street SSA and its Impact on BOMA/Chicago Buildings

Demystifying the State Street SSA and its Impact on BOMA/Chicago Buildings By Amy Masters, BOMA/Chicago Director of Marketing and Communications If you received email promotions over the summer for ACTivate networking events hosted by the Chicago Loop Alliance (CLA), you may have wondered … what is the CLA? What does this group do? Does the…

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City Council Passes Mayor’s Water and Sewer Tax

City Council Passes Mayor’s Water and Sewer Tax February 7, 2017   On September 14, the City Council overwhelmingly passed the water and sewer tax proposed by Mayor Emanuel to shore up the largest of the City’s pension fund.  The tax begins in 2017 and increases every year until 2020. Currently, sewer charges equal water…

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Mayor Emanuel Unveils His 2017 City Budget

Mayor Emanuel Unveils His 2017 City Budget Mayor Emanuel unveiled his proposed 2017 budget at a special meeting of the City Council.  The $8.22 billion budget proposes spending $380 million more than was appropriated in 2016.  This represents an increase of 4.6% over the 2016 appropriation.  For your benefit, the highlights of the city’s 2017…

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Update on Pedway Redesign Discussion

Update on Pedway Redesign Discussion January 17, 2017   The Environmental Law and Policy Center (ELPC) recently held a series of workshops to discuss possible improvements to the Chicago Pedway system. It is funding a $125,000 redesign of the main Pedway stretch beneath Randolph Street with the primary focus on the section that runs from…

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