Allies of Chicago's mayor are reeling Wednesday after the apparent defeat of the heavily promoted “Bring Chicago Home” referendum, also known as the mansion…
Though the results have yet to be called, voters for the real estate transfer tax referendum on Chicago ballots in the 2024 Illinois primary, appear to have largely voted against it, with 54% of voters saying"no" as of Wednesday afternoon.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly“This is not the result we wanted,” said 35th Ward Ald. Carlos Ramirez-Rosa, who pushed for its passage in City Council. “It is devastating for the people that have been addressing the crisis of homelessness."
The measure, which would have increased the city’s real estate transfer tax on properties valued at over $1 million and used the funds to pay for homelessness programs, now appears to be rejected by voters, a major blow to Mayor Brandon Johnson’s progressive agenda.
When asked about the possibility of a property tax increase to make up for the money that wont be coming from any increase in the real estate transfer tax, the mayor said it is not something he is considering.
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