Editorial: Chicago’s proposed real estate tax increase, always a bad idea, enters legal limbo – Chicago Tribune*

"Whatever your view, though, voting 'Yes' would have required a leap of faith: that the tax increase would not send private-sector housing builders elsewhere, would not make it so hard for upper-middle-class Chicagoans to buy a home in this expensive market that they’d pick a suburb instead, and would not add yet another significant disincentive to moving here. You also had to feel confident that the Brandon Johnson administration and its committee would come up with effective ways to spend this huge amount of new money with all the necessary safeguards in place."