"Setback for Mayor Johnson as Bring Chicago Home Tax Referendum Falters"

The Bring Chicago Home tax referendum, which aimed to raise the transfer tax on million-dollar homes to combat homelessness, appears to have failed at the polls, with 54% of Chicago voters casting their ballots against the proposal. Critics believe this may slow Mayor Brandon Johnson's progressive agenda and signal a potential reversal against Democratic politics in Chicago. The referendum lacked details on where the money would go and faced criticism for its heavy tax burden. The failure now shifts focus to the mayor's $1.25 billion bond measure for equitable neighborhood development, while supporters consider mounting another campaign in the future.