Mayor Johnson and his supporters believe revenue from the transfer tax hike will help fund affordable housing and anti-homelessness measures in Chicago. Conversely, the real estate community fears that the policy would burden a commercial real estate industry that’s already grappling with various challenges, such as high interest rates, record-high office vacancies and subdued sales.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.