Mayoral allies nearing compromise on plan to raise tax on higher-end home sales, but office building owners still not buying in – Chicago Sun-Times
Zoning Committee Chair Carlos Ramirez-Rosa said the compromise that Chicago voters will be asked to approve in a binding referendum in March is the one that now former Housing Commissioner Marisa Novara floated during a three-hour subject matter hearing last month. Instead of more than tripling the transfer tax on Chicago homes sold for more than $1 million — from 0.75% to 2.65% — the dramatically higher tax would apply only to that portion of the sale above $1 million. Affordable properties would be exempted from the higher tax. The changes are expected to reduce the annual revenue by $20

Chicago’s crime wave is still on the move nearly two-thirds of the way through 2023. The number of total major crimes committed in the city through July is 34 percent higher than the same period in 2022, which in turn was 33 percent higher than in 2021, according to the city’s crime data portal.
Ted joined Steve Cochran to talk about Peoria’s dismal education results, how 10 of the 24 schools within SD 150 have no more than 5 out of 100 students able to read at grade level, why the education system lacks accountability, why Illinoisans are paying out-of-control property taxes to fund education, and more.
As Chicago’s City Council enters its 100th year under its modern form, some alderpersons, good government advocates and political science experts say that despite incremental progress, the City Council still has institutional inertia to overcome before it can operate independently from the historical grip the mayor’s office has held. Proposals include everything from altering the council’s structure, more robustly staffing fiscal and legislative agencies to a wholesale reset on Chicago’s municipal governance by codifying reforms in a city charter.