WBEZ: Chicago’s homeless living on streets and in shelters sharply increased in 2021

By Tessa Weinberg, August 24, 2023

Mayor Brandon Johnson campaigned on enacting the real estate transfer tax increase, known as Bring Chicago Home. This week his administration briefed alderpersons on a compromise marginal tax rate that would lower the rate by 20% for home sales under $1 million — the majority of sales — while increasing the rate to 2% for the portion of sales between $1-1.5 million and 3% for the portion of property valued at over $1.5 million. Ald. Carlos Ramirez-Rosa said alderpersons aim to introduce a resolution next month that, if passed, would put the question of increasing the tax before voters in March 2024.