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A Cook County choose has rejected a Chicago poll measure that might have raised a one-time tax on luxury properties to fund services for homeless individuals after objections from actual property and enterprise teams.
The ruling Friday by Judge Kathleen Burke got here as early voting for Illinois’ March 19 major has already began. The tax measure seems on the poll.
The measure would have raised what’s referred to as the true property switch tax on properties valued at over $1 million, however decrease it on properties beneath that quantity.
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Supporters, together with first-term Mayor Brandon Johnson, estimated it will have introduced in about $100 million a yr, which might be used to fund housing and different services together with psychological well being care. Cities together with Los Angeles and Santa Fe, New Mexico have adopted related tax will increase.
Chicago skyline at sundown. (iStock)
Maxica Williams, board president of the Chicago Coalition for the Homeless, issued a press release expressing disappointment within the ruling.
“We are outraged by the fact that this small minority of wealthy real estate interests would rather spend thousands of dollars on legal fees to preserve a brutally unjust status quo than pay their fair share in taxes,” Williams mentioned.
Roughly 68,000 individuals expertise homelessness in Chicago.
Business teams, together with the Building Owners and Managers Association International, argued the tax would disproportionately hit business actual property as Chicago’s downtown remains to be struggling to get better from the coronavirus pandemic.
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Attorneys for Bring Home Chicago, who championed the poll measure, have mentioned they’d attraction any determination thwarting their efforts to get the query on the poll.
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