Current:Home > ContactTradeEdge-Judge throws out Chicago ballot measure that would fund services for homeless people -NextFrontier Finance
TradeEdge-Judge throws out Chicago ballot measure that would fund services for homeless people
SignalHub Quantitative Think Tank Center View
Date:2025-04-07 05:12:11
CHICAGO (AP) — A Cook County judge has rejected a Chicago ballot measure that would have TradeEdgeraised a one-time tax on luxury properties to fund services for homeless people after objections from real estate and business groups.
The ruling Friday by Judge Kathleen Burke came as early voting for Illinois’ March 19 primary has already started. The tax measure appears on the ballot.
The measure would have raised what’s called the real estate transfer tax on properties valued at over $1 million, but lower it on properties under that amount.
Supporters, including first-term Mayor Brandon Johnson, estimated it would have brought in about $100 million a year, which would be used to fund housing and other services including mental health care. Cities including Los Angeles and Santa Fe, New Mexico have adopted similar tax increases.
Maxica Williams, board president of the Chicago Coalition for the Homeless, issued a statement expressing disappointment in the ruling.
“We are outraged by the fact that this small minority of wealthy real estate interests would rather spend thousands of dollars on legal fees to preserve a brutally unjust status quo than pay their fair share in taxes,” Williams said.
Roughly 68,000 people experience homelessness in Chicago.
Business groups, including the Building Owners and Managers Association International, argued the tax would disproportionately hit commercial real estate as Chicago’s downtown is still struggling to recover from the coronavirus pandemic.
Attorneys for Bring Home Chicago, who championed the ballot measure, have said they would appeal any decision thwarting their efforts to get the question on the ballot.
veryGood! (1)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- A plane slips off the runway and crashes in Nepal, killing 18 passengers and injuring the pilot
- Mattel introduces its first blind Barbie, new Barbie with Down syndrome
- Hailee Steinfeld and Buffalo Bills quarterback Josh Allen go Instagram official in Paris
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Democratic delegates cite new energy while rallying behind Kamala Harris for president
- 2024 Paris Olympics: Surfers Skip Cardboard Beds for Floating Village in Tahiti
- Conan O'Brien Admits He Was Jealous Over Ex Lisa Kudrow Praising Costar Matthew Perry
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- What Each Zodiac Sign Needs for Leo Season, According to Your Horoscope
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Heather Rae and Tarek El Moussa Speak Out on Christina Hall's Divorce From Josh Hall
- Netanyahu is in Washington at a fraught time for Israel and the US. What to know about his visit
- Target's Lewis the Pumpkin Ghoul is back and he brought friends, Bruce and Lewcy
- Bodycam footage shows high
- Pregnant Brittany Mahomes Shares Insight Into “Hardest” Journey With Baby No. 3
- NHRA legend John Force released from rehab center one month after fiery crash
- New credit-building products are gaming the system in a bad way, experts say
Recommendation
Meet 11-year-old skateboarder Zheng Haohao, the youngest Olympian competing in Paris
Biden Administration Targets Domestic Emissions of Climate Super-Pollutant with Eye Towards U.S.-China Climate Agreement
2024 Paris Olympics: Surfers Skip Cardboard Beds for Floating Village in Tahiti
2024 Paris Olympics: Surfers Skip Cardboard Beds for Floating Village in Tahiti
NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
Woman pleads guilty to stealing $300K from Alabama church to buy gifts for TikTok content creators
Physicality and endurance win the World Series of perhaps the oldest game in North America
Officers left post to go look for Trump rally gunman before shooting, state police boss says