The Rules committee approved the revamped “Bring Chicago Home” measure that offers a tiered tax rate on all property sales, which advocates say would generate much-needed revenue for the city’s homeless population but opponents warn would harm small-to-midsize property owners — including landlords who may raise rents.
A Chicago City Council committee advanced an ordinance Tuesday that would ask voters about raising the real estate transfer tax to combat homelessness, bringing a key plank of Mayor Brandon Johnson’s progressive agenda just one step from facing a citywide referendum vote next March. In a 32-16 vote, the rules committee approved the revamped “Bring Chicago Home” measure, which offers a tiered tax rate on all property sales.
The Bring Chicago Home movement has been a yearslong endeavor by homeless advocates who believed they found a champion in Johnson’s predecessor, Lori Lightfoot, until she reneged on her support after taking office and growing reluctant to raise a levy while governing through a pandemic.
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