Chicago to Vote on Homelessness Tax

The 'Bring Chicago Home' referendum seeks to fund homelessness programs by taxing real estate transactions over $1 million.

Chicago voters are set to decide on the 'Bring Chicago Home' referendum, aimed at addressing homelessness through a real estate transfer tax hike on properties over $1 million.
The Illinois Supreme Court cleared the way for the referendum to be included on ballots, after overcoming a legal challenge that sought to invalidate it.
The proposed tax structure introduces a graduated system, aiming to generate at least $100 million annually for homelessness programs.
The referendum has sparked a heated debate, with supporters emphasizing the need for dedicated funding for homelessness, while opponents argue it could harm the real estate market.
If approved, the tax change would represent a significant win for Mayor Brandon Johnson's progressive agenda, which includes tackling the city's housing crisis.