Chicago's Mayor-elect Brandon Johnson meets with Gov. Pritzker to discuss tax plan and corporate responsibility.

1 min read
Source: Chicago Tribune
Chicago's Mayor-elect Brandon Johnson meets with Gov. Pritzker to discuss tax plan and corporate responsibility.
Photo: Chicago Tribune
TL;DR Summary

Governor J.B. Pritzker has expressed his opposition to a tax on financial transactions proposed by Chicago's mayor-elect, Brandon Johnson, as part of his $450 million tax plan to stabilize the city's finances. Pritzker believes that such a tax would prompt financial services companies to relocate their operations or computer servers. However, Pritzker did not reject Johnson's proposal for an additional levy on high-end real estate transactions. Johnson has endorsed a plan to raise the real estate transfer tax for properties of at least $1 million to fund permanent housing and homeless services.

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