"Controversial Chicago Real Estate Transfer Tax Referendum Upheld by Illinois Supreme Court"
The Illinois Supreme Court denied an appeal challenging the counting of votes for the controversial Bring Chicago Home referendum, which aims to increase the real estate transfer tax on buildings over $1 million to address homelessness. The Building Owners and Managers Association of Chicago, which sued to block the referendum, expressed concerns about its potential negative impact on the commercial real estate market and property taxes. However, Mayor Brandon Johnson defended the measure, emphasizing the need for dedicated funding for affordable housing and homeless support services. Homeless advocates praised the court's decision, stating that it gives voters the power to address the housing crisis and hold corporate landlords accountable.