Chicago’s Mayor Not Giving up on Failed Tax Hike on Real Estate

(The Center Square) – Chicago Mayor Brandon Johnson vows to continue with his agenda despite an apparent defeat of his Bring Chicago Home referendum this week.   The measure, which would have increased the city’s real estate transfer tax on properties over $1 million and, according to Johnson, use the funds to pay for homelessness programs, now appears to be rejected by voters. Fifty-four percent of voters said “no” to 46% “yes” with 98% of precincts reporting. “All the votes have not been counted so it has not been declared just yet,” Johnson said. “Look, there are 68,000 people unhoused, that’s the focus.”

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