Real estate groups challenge 'Bring Chicago Home' referendum in Illinois Supreme Court

  • 📰 fox32news
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

The battle over the “Bring Chicago Home' referendum question is not over just yet, as real estate groups take the fight to the state Supreme Court, labeling the question as misleading and manipulative.

The battle over the "Bring Chicago Home" referendum question is not over just yet, as real estate groups take the fight to the state Supreme Court, labeling the question as misleading and manipulative.Critics of Bring Chicago Home call it log-rolling, asserting that Mayor Brandon Johnson's administration is bundling the referendum with more attractive elements when it's really a tax hike.

Farzin Parang, the executive director of Building Owners and Managers Association of Chicago, expressed concerns that this would exacerbate a growing problem, citing Chicago's high office building vacancy currently at 23 percent."Office buildings pay for everybody else's property taxes in their homes. So this is a backdoor property tax. And it's also the office industry's support is dominated by union jobs of every demographic, every corner of the city.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 547. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Real estate group appeals Bring Chicago Home to state Supreme CourtThe filing marks another installment in the legal feud over the referendum that would hike transfer taxes on real estate valued over $1 million to raise revenue earmarked for fighting homelessness.
Source: chicagotribune - 🏆 8. / 91 Read more »

Supreme Court's Ballot Ruling Wasn't a Home Run for Donald TrumpTrump may be able to appear on the ballot, but the justices stopped short of clearing him of insurrection, despite the opportunity.
Source: Newsweek - 🏆 468. / 52 Read more »

Appeals court rules 'Bring Chicago Home' tax referendum valid, orders votes counted in March primaryThe ballot measure would ask voters to authorize the City Council to raise taxes on the sales of properties worth $1 million or more to raise money to fight homelessness.
Source: cbschicago - 🏆 546. / 51 Read more »

Bring Chicago Home referendum ruled valid by state Appellate CourtThe ruling means votes on the referendum question will be counted, though it is possible the real estate and business coalition that fought the suit could appeal to the state Supreme Court.
Source: chicagotribune - 🏆 8. / 91 Read more »