Proposal to Hike Taxes on Sales of Million-Dollar Homes to Fight Homelessness Clears Key Hurdle – WTTW (Chicago)

Mayor Brandon Johnson called the growing number of unhoused Chicagoans an “embarrassment” and said the city must act, regardless of the concerns. The hearing served as a preview over what promises to be a fierce debate if the measure does make the ballot, with leaders of business and real estate groups warning it would cause the city’s already-struggling commercial real estate market to collapse amid the shift to remote work.