Johnson's Bring Chicago Home plan is essentially a regressive tax increase in search of a program. It's conspicuously absent any affordable housing strategy beyond depositing revenue from the tax increase into a new fund. What the mayor is proposing would not address the homelessness crisis and would have an adverse impact on city businesses, homeowners and renters alike.
First, this would be a dramatic tax increase on the city's already overtaxed commercial property.
#real-estate-transfer-tax #affordable-housing #homelessness-crisis #commercial-properties #tax-increase
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