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Johnson OKs deal to raise real estate transfer tax on some home sales, use funds to combat homelessness

Por: Chicago Sun Times Politics August 22, 2023

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Mayor Brandon Johnson has signed off on a compromise plan to raise the real estate transfer tax on high-end home sales to generate $100 million in annual revenue to combat homelessness, but in a way that will reduce the tax for homes sold for less than $1 million.Zoning Committee Chair Carlos Ramirez-Rosa (35th), the mayor’s City Council floor leader, flatly predicted that the 11th-hour concessions would minimize opposition from Chicago... + full article



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