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Crain’s estimates the higher levy would add about $158 million a year to the cost of buying homes or commercial property worth $1 million or more. But real estate interests have been largely silent as a proposal to fund homelessness-fighting programs by nearly tripling the transfer tax on pricey Chicago properties gains momentum.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
Chicago Wants A New Tax 200 Pct Tax Hike On Homes — A Tax That Would Drive Even More People To Leave, Avoid Chicago