The question asks Chicago voters to decide if they support an increase of the real estate transfer tax on property sales over $1 million. The additional revenue would be used on programs to fight homelessness.
Farzin Parang
Mayor Brandon Johnson recently announced a new proposal dubbed “Bring Chicago Home,” which would raise about $100 million dollars to fight homelessness by raising taxes on all sales above $1 million, and then an additional hike on sales of more than $1.5 million dollars.
While some people may have gotten used to the comforts of working from home, others may be itching to get out. The stakes for the city couldn’t be higher, especially for the owners and managers of the massive pieces of real estate in the city’s central business district that are still sitting mostly vacant.
