The key policy item for first-term Mayor Brandon Johnson would have raised an estimated $100M through a tax hike on real estate sales
A fiscal watchdog also released a report warning that Chicago leaders may not have studied the issue thoroughly before putting it on the March 19 ballot
Voters are set to decide on March 19 whether they want to quadruple the tax buyers pay on real estate purchases above $1.5M. Realtors say it amounts to a secret tax and rent hike
Advocates had hoped to quadruple the tax buyers pay on residential and commercial real estate purchases if voters approved the measure next month
Chicago voters are set to decide whether to quadruple the tax buyers pay on residential and commercial properties in the city. Illinois Realtors plans to lead the fight
Voters are set to decide whether to increase the tax paid on real estate sales above $1M. Landlords and business groups say referendum violates the state constitution
Since its appraised value is over $1M, the iconic Italian beef stand would incur significantly higher transfer taxes in a sale if Mayor Brandon Johnson's proposed 'mansion tax' passes
Proponents said the measure would raise $100M per year. Chicago Realtors said the tax was volatile and not a reliable funding stream