Legal Setback for Homelessness Funding
Supporters Vow to Persist
According to CBS News, a Cook County judge dismisses Chicago‘s tax hike plan. The judge’s ruling deems the referendum both vague and unconstitutional striking a blow to the proposal aimed at restructuring the real estate transfer tax to generate funds for addressing homelessness in the city. Opponents of the measure, labeling it a victory, argue that the referendum is problematic. Meanwhile, supporters express determination to continue their fight despite the judge dismissing Chicago‘s tax hike plan.
READ ALSO: PRITZKER’S GROCERY TAX ABOLISHMENT PLAN: A BOOST TO CONSUMERS’ WALLETS?
Legal Blow to Homelessness Funding Initiative
A Cook County judge dismisses Chicago‘s tax hike plan, casting doubt on the vote’s counting. The proposal aimed to empower the City Council to adjust the real estate transfer tax raising taxes on homes over $1 million and lowering them on other properties. Mayor Brandon Johnson supported it projecting an annual $100 million for homelessness. The decision intensifies debates over real estate taxes and the city’s homelessness strategy showcasing the clash between supporters’ goals and opponents’ constitutional concerns. The ruling raises broader questions about the future of such initiatives and the role of voters in shaping city policies.