CHICAGO -- Critics of the Bring Chicago Home ballot referendum said Chicago's business community was 'breathing a sigh of relief' Wednesday – a day after the referendum apparently failed at the polls.While votes were still being counted late Wednesday, it appears the effort to raise the transfer tax on million-dollar homes to fight homelessness was defeated. The latest update shows 54% of Chicago voters cast their ballots against the proposal.
There is also a bigger question looming – is this the first signal that voters are beginning to reverse course against the progressive wave of Democratic politics in Chicago that swept Mayor Johnson into office last year.The question is what is next? The effort cannot come back to the ballot in November – as city rules require a cooling-off period before it can be put before voters again.Ald.
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