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Mayor Brandon Johnson’s Bring Chicago Home referendum was in peril Tuesday in the primary election, in what would be a stinging defeat for his grassroots base that sought to persuade voters to ...
Chicago’s financial forecast is clouded by a $982.4 million budget deficit, and Mayor Brandon Johnson's proposed $300 million property tax hike has stirred up a storm of discontent with council ...
The referendum asks Chicago voters to support an increase on a transfer tax for properties over $1 million. It’s a one-time buyer’s fee. Chicago’s rate is currently 0.75% on all property sales.
In 2018, a non-profit organization named "New Illinois" was founded to promote the separation of Chicago from the rest of the state. As an alternative to just Chicago, it has also proposed the split of the whole of Cook County and its surrounding five collar counties (DuPage County, Kane County, Lake County, McHenry County, and Will County). [1 ...
(The Center Square) – With about six weeks left to get a new city budget passed, Chicago Mayor Brandon Johnson is headed back to the drawing board after his proposal to hike property taxes was ...
SB 687 would have also changed the state's property tax credit, which is a credit that some residents paying property taxes can claim to reduce their income taxes, from 5% to 6%. [ b ] It would also have created a per-child tax credit of up to $100 for couples earning less than $100,000 and single persons earning less than $80,000.
11.1 Property tax cap advisory referendum. 12 Other elections. 13 See also. ... Chicago saw 586,235 ballots cast, while suburban Cook County saw 50.54% turnout (with ...
Chicago homeowners can breathe a sigh of relief as it appears a proposed property tax hike is no longer in the cards in the new city budget proposal, according to sources.