Mayoral allies nearing compromise on plan to raise tax on higher-end home sales, but office building owners still not buying in

Mayor Brandon Johnson’s City Council allies are closing in on a compromise that will deliver on his promise to raise the real estate transfer tax on high-end home sales to create a dedicated funding source to help the unhoused, but the owners of large office buildings that have plummeted in value are not on the train.Zoning Committee Chair Carlos Ramirez-Rosa (35th) said the compromise that Chicago voters will be asked to approve in a binding... + full article