Crain’s: Effort to raise tax on high-end property sales will go to Chicago voters

The Chicago City Council chambers are shown, including a large desk and two smaller tables. Some alderpeople gather in the foreground.

By Justin Laurence (Crain’s), November 7, 2023

After another chaotic day at City Hall, the Chicago City Council approved a resolution 32 to 17 to add the question to the ballot, which, if approved by a simple majority, will allow the city to tweak the tax imposed when a property is sold. 

The so-called Bring Chicago Home campaign was a key campaign promise of Mayor Brandon Johnson, who rallied with supporters outside the Thompson Center on Tuesday ahead of the vote.

Between now and the March 19 primary, the referendum campaign will be intense, pitting the real estate industry against those who say an increase to the city’s real estate transfer tax is the best way to pour hundreds of millions of dollars into programs to build permanent supportive housing to drive down the rate of homelessness in the city. 

Chicago Coalition for the Homeless is a proud coalition member with Bring Chicago Home.

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